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

[BrilloPad]

However, other contractors I know, have moved onto PBT schemes since EBT's were finished and still use them claiming they are scre**d anyway ! I still can't think this is a good way to go, regardless what happens.

This is a good point. After I was caught by s58, I had a chance to do loan scheme but went Ltd. Why the f**k did I bother? I should have taken every penny and spent it on good living. I am going bankrupt now - I could have been caught bankrupt for the whole lot.

Oh well, live and learn.

[screwthis]

bollux.

1. It could have been funded with only a few knowing.

If that's true then it might have.

[Rob79]

Interesting responses.

I'm aware of Whitehouse Consulting. They may have been one of the groups who recently lobbied for changes to FN/APN rules at committee stage of the Finance Bill. Certainly in my world the big animals are wealthy enough to pay for the effort and by all accounts did even if ultimately they were unsuccessful.

Retrospection in tax is never good because it creates uncertainty. The Treasury Select Committee has laid into the Government for doing this and tried to hold them to their promise that it would be used only in the most egregious of circumstances.

On FN/APN the Government deny that there is retrospection. TSC disagree but their approbation was shrugged off.

Noted on being sensitive. I've never thought of myself as such a type and regularly cross swords with people who have a real interest in my being incorrect about certain matters and who are not shy about saying so. I also however understand that if I don't contribute financially then my opinions may not carry as much weight. That is not for me to judge. Unless I get a ban from the thread or a clear majority view is that whatever I have to say is not wanted, I think I'll stay around.

[the great escape]

A fair question.

I anticipate dealing with FN/APN notices for a large number of people involved via a different area of tax. Their experiences and yours are likely to be similar. As a consequence I have been studying the HMRC material with some interest and I do speak with HMRC regularly. My motive in posting on this issue is to seek and return information on the grounds that there may be useful lessons for all.

If you think that motive unsuitable for this forum, I will retire gracefully.

Well, my non-NTRT brother, for us here in the forum our initiation was getting clobbered by some gash legislation leading to financial Armageddon. While you sit on the beach and we swim with the sharks, might I suggest a suitable alternative initiation for you given your regular contact with the blaggards - names, addresses, emails and twitters for hmrc top brass. Time for some proper propaganda.

[lucozade]

NTRT Funding call

Extra funds sent over and I will continue with the standing order too.

Get donating people

[OnYourBikeGB]

Now we know why HMRC are so desperate to rake in as much moneys as possible. It's because they need more to waste elsewhere through their "unacceptably poor management". £1bn in profit? Bet they wish they'd screwed the big companies they way they screw the little ones.

Cost of tax IT project doubles as contractor takes £1bn profit | The Times

More background detail here if you don't have a Times subscription.

HMRC warned over slow progress on Aspire replacement

Interesting that they claim they are trying to promote small IT businesses when all their actions indicate they are trying to kill them.

[OneUnited]

Extra funds sent over and I will continue with the standing order too.

Get donating people

Ditto

Also if you are affected by this get donating PLEASE

[Rob79]

Well, my non-NTRT brother, for us here in the forum our initiation was getting clobbered by some gash legislation leading to financial Armageddon. While you sit on the beach and we swim with the sharks, might I suggest a suitable alternative initiation for you given your regular contact with the blaggards - names, addresses, emails and twitters for hmrc top brass. Time for some proper propaganda.

Assuming I had such information, releasing it would be as much an Armageddon event for me as s 58 was for you.

You'll have to find another means to initiate me into the fold.

[OnYourBikeGB]

Assuming I had such information, releasing it would be as much an Armageddon event for me as s 58 was for you.

You'll have to find another means to initiate me into the fold.

Most people would join because they are going to be ruined, maybe a few have joined because they see what's coming down the tracks or think it's the right thing to do. I don't think we need to find 'another means to initiate' you, you either want to join or you don't. I'm with BP, other opinions are always welcome provided it's not trolling or pointlessly stating the obvious. But we're not a country club offering enticements, so join or don't join, but bear in mind that for most if not all of us it's not a trivial thing, it's very, very serious. If you don't want to join willingly we have more than enough on our plate to worry about than making it more attractive to you.

[jbryce]

Interesting responses.

I'm aware of Whitehouse Consulting. They may have been one of the groups who recently lobbied for changes to FN/APN rules at committee stage of the Finance Bill. Certainly in my world the big animals are wealthy enough to pay for the effort and by all accounts did even if ultimately they were unsuccessful.

Retrospection in tax is never good because it creates uncertainty. The Treasury Select Committee has laid into the Government for doing this and tried to hold them to their promise that it would be used only in the most egregious of circumstances.

On FN/APN the Government deny that there is retrospection. TSC disagree but their approbation was shrugged off.

Noted on being sensitive. I've never thought of myself as such a type and regularly cross swords with people who have a real interest in my being incorrect about certain matters and who are not shy about saying so. I also however understand that if I don't contribute financially then my opinions may not carry as much weight. That is not for me to judge. Unless I get a ban from the thread or a clear majority view is that whatever I have to say is not wanted, I think I'll stay around.

stick around.