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

[DonkeyRhubarb]

NTRT newsletter

Aiming to get it out on Friday.

[lucozade]

Aiming to get it out on Friday.

Sounds a bit rude DR is this a personal protest?

[BrilloPad]

Sounds a bit rude DR is this a personal protest?

Shhh. Its Code. Downing Streak protest is this Friday. There will be 10 of us.....

[slatt]

Sounds a bit rude DR is this a personal protest?

as long as it's not a dirty protest....

[lucozade]

Great....not. See our troll is suddenly appeared on Twitter

You mean @fotgetfotdo from Bristol that likes Veg boxes from @growboxbris. It's amazing what you can find with Google.

Sound familiar to anyone?

[centurian]

the letter received Jan 2010

Sounds like it was just before the 12 month discovery deadline

When does the interest start? April 2008, Jan 2010 or August 2014?

From the payment deadline that the tax would have been due - probably the end of January 2009 for the 2007/8 tax year.

Interest rates change over the years, so the interest for each year varies, but has been unchanged at 3% for a number of years.

[warlord]

Sounds a bit rude DR is this a personal protest?

LOL..
I thought the same but didn't want to say anything unless Tweeting to David Gauke and the world.

[DonkeyRhubarb]

From the payment deadline that the tax would have been due - probably the end of January 2009 for the 2007/8 tax year.

Interest rates change over the years, so the interest for each year varies, but has been unchanged at 3% for a number of years.

Actually interest starts accruing from when payments on account would have been due.

For 2007/8, first POA would have been 31 January 2008.

Interest accrued to date would be approx 19%.

[SantaClaus]

Page 666 of this thread now. Might have to start swinging chickens around my head to ward off the evil Brannigan.

Apparently my great grandparents (of Eastern European decent) used to do it, so it might just work.

[dezze]

Actually interest starts accruing from when payments on account would have been due.

For 2007/8, first POA would have been 31 January 2008.

Interest accrued to date would be approx 19%.

So they can open an enquiry (without any form of demand or figures involved), sit on it without contacting you for years and then say you owe them a load extra in interest because they then decide to do something about it? (which in this case isn't to actually go through legal proceedings, but just say you might owe them, but pay up now).