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

[LisaContractorUmbrella]

Don't know if you guys have seen this - court has supported use of retrospective tax legislation - the scheme in question involved avoidance of stamp duty but thought it may be relevant http://www.out-law.com/en/articles/2...ew-says-court/

[SantaClaus]

Don't know if you guys have seen this - court has supported use of retrospective tax legislation - the scheme in question involved avoidance of stamp duty but thought it may be relevant Retrospective tax legislation blocking an SDLT loophole cannot be challenged by judicial review, says Court

Am I right in thinking it was only retrospective for a year and the chancellor had given advance notice of the retrospective change, so it wasn't really retrospective.

Contrast that with the retro tax applied to us, going back 10 years and with no advance warning.

[smalldog]

Am I right in thinking it was only retrospective for a year and the chancellor had given advance notice of the retrospective change, so it wasn't really retrospective.

Contrast that with the retro tax applied to us, going back 10 years and with no advance warning.

Yep, was announced in 2012 they were applying the rule during 2013 finance bill going back to 2012, so plenty of warning given:

Tax expert John Christian of Pinsent Masons, the law firm behind Out-Law.com, said that the court's conclusions were "not surprising, given in particular the Chancellor's warning in the 2012 Budget to close down residential SDLT avoidance with retrospective effect".

[SantaClaus]

FYI...

Finance Bill Committee scheduled for 2pm

Player

Might have a sweepstake on the number of lies Gauke can spew in an afternoon.

[smalldog]

FYI...

Finance Bill Committee scheduled for 2pm

Player

Might have a sweepstake on the number of lies Gauke can spew in an afternoon.

is our clause being debated today? IF not do you know when it is?

[SantaClaus]

is our clause being debated today? IF not do you know when it is?

I think today or tomorrow is the last day of debates. Maybe someone can correct/confirm for me.

[regron]

I think today or tomorrow is the last day of debates. Maybe someone can correct/confirm for me.

Today and the 17th, although the 11:30 sitting for today has been cancelled.

Finance Bill 2013-14 to 2014-15 — UK Parliament

[Safe]

Have you seen this. They are talking about Retro. read the comments as well!!

Tax policy confusion

[DotasScandal]

Have you seen this. They are talking about Retro. read the comments as well!!

Spot the HMRC QC...

www.dotas-scandal.org

[SantaClaus]

Keep the tweeting going folks, it's not going unnoticed by the Finance Bill Committee.