No To Retro Tax – Campaign Against Section 58 Finance Act 2008

[swede]

Another interesting revelation involving HMRC.

I found the last paragraph interesting.

BBC News - F1's Ecclestone avoided potential £1.2bn tax bill

You're not wrong - we had no control over our trusts either :-)

Again this is farcical - the deal they have done has lost the Revenue may times the combined amounts they are hoping to get from us.

[eek]

You're not wrong - we had no control over our trusts either :-)

Again this is farcical - the deal they have done has lost the Revenue may times the combined amounts they are hoping to get from us.

Its not farcical. HMRC know that he will spend a fortune on expensive lawyers, find appropriate loopholes and drive motorways through them. Being given £10m rather than fighting and losing an expensive court case up to the Supreme court probably seemed like a very good deal.

And that's the difference. He had the money (and savings and spare cash) to fight the claim to the end, others using different schemes do not and so make easy targets...

[lucozade]

Another interesting revelation involving HMRC.

I found the last paragraph interesting.

BBC News - F1's Ecclestone avoided potential £1.2bn tax bill

Unless I've made a mess of my calculations he basically paid back under 1% of what he could have potentially owed.

Ok, so if that is the case HMRC, please let me know where you would like me to send the cheque for £1000 to settle?

[smalldog]

Its not farcical. HMRC know that he will spend a fortune on expensive lawyers, find appropriate loopholes and drive motorways through them. Being given £10m rather than fighting and losing an expensive court case up to the Supreme court probably seemed like a very good deal.

And that's the difference. He had the money (and savings and spare cash) to fight the claim to the end, others using different schemes do not and so make easy targets...

and this is where the claim that HMRC win 80% of their cases when they litigate is flawed, they pick their fights carefully. As you say they retired from that particular fight, and in fact only win 4 out of 5 of the hand picked ones. This total B*llocks about them winning 80% infers its 80% of all cases, its smoke and mirrors to fool people, but is being quoted more and more as justification for paying in advance, i.e. its pretty much assured they would win the appeal.

[eek]

and this is where the claim that HMRC win 80% of their cases when they litigate is flawed, they pick their fights carefully. As you say they retired from that particular fight, and in fact only win 4 out of 5 of the hand picked ones. This total B*llocks about them winning 80% infers its 80% of all cases, its smoke and mirrors to fool people, but is being quoted more and more as justification for paying in advance, i.e. its pretty much assured they would win the appeal.

Which is the way everyone should be attacking them as it is on half statements like that the whole advanced payment proposition is based.

[DonkeyRhubarb]

I suspect a significant proportion of the 65,000 backlog are ones they'd rather not take to court.

What they also fail to mention is that they have a Litigation & Settlement Strategy (LSS) which dictates that they only take cases to court where they have a good chance of success.

[BrilloPad]

I suspect a significant proportion of the 65,000 backlog are ones they'd rather not take to court.

What they also fail to mention is that they have a Litigation & Settlement Strategy (LSS) which dictates that they only take cases to court where they have a good chance of success.

Which backlog? Is it the backlog to FTT tribunal?

[DonkeyRhubarb]

Which backlog? Is it the backlog to FTT tribunal?

65,000 is the number of open cases involving marketed tax avoidance schemes.

[DonkeyRhubarb]

Finance Bill Committee

Please see this link:

http://forums.contractoruk.com/hmrc-...gislation.html

[Laxmi]

Right to Recall MPs

The second half of this show is worth a watch where Mr Zac Goldsmith admits
that most MPs have not a clue what they are voting for and we should restore
Britian to a Democracy whereby we can recall errant MPs.
MPs do not even have to attend Parliment - obviously they will all attend
when their Pay is under debate however!

Episode 022 ? RT Sputnik