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

[cojak]

HMRC say they are aiming to get the entire 43,000 out in 18 months.

'Thousands' of pay-up tax notices to hit doormats - 12 Sep 2014 - Accountancy Age

*mods don tin hats and rubber gloves in preparation for the deluge*

[BrilloPad]

*mods don tin hats and rubber gloves in preparation for the deluge*

Make sure you can still wield that ban hammer...

[SantaClaus]

APNs

NTRT would really like to see the format of an APN as soon as anyone receives one.

As soon as we get sight of an APN, we will be able to examine the format and get legal advice.

Anyone who receives an APN, we would be extremely grateful if you could forward a redacted version to the usual admin at notoretrotax.org.uk address. Thanks!

[helen7]

Hi,

Do APN's include interest? If not, when is the interest due?

Did we ever get too the bottom as to whether a CTD can be used to 'pay' the APN and take advantage of the interest reduction over the period of the APN?

[DonkeyRhubarb]

Hi,

Do APN's include interest? If not, when is the interest due?

Did we ever get too the bottom as to whether a CTD can be used to 'pay' the APN and take advantage of the interest reduction over the period of the APN?

APNs don't include interest. The interest would only become due after the final appeal in the legal process if the decision goes in HMRC's favour.

A CTD can be used to pay an APN and the interest protection afforded by the CTD will be maintained.

[helen7]

APNs don't include interest. The interest would only become due after the final appeal in the legal process if the decision goes in HMRC's favour.

A CTD can be used to pay an APN and the interest protection afforded by the CTD will be maintained.

Thanks

[Rob79]

Hi,

Do APN's include interest? If not, when is the interest due?

Did we ever get too the bottom as to whether a CTD can be used to 'pay' the APN and take advantage of the interest reduction over the period of the APN?

As others have correctly said, there is no interest on an APN. It is regarded as a payment on account of the ultimate liability.

There are however penalties for non payment. This is 5% on the due date, 5% if unpaid 5 months later and a further 5% if unpaid 11 months later.

[Rob79]

Montpelier CEO cleared of tax dodging after 'humiliating' HMRC climb down - Professional Adviser IFAonline

[helen7]

Montpelier CEO cleared of tax dodging after 'humiliating' HMRC climb down - Professional Adviser IFAonline

However as the trial was reaching the end of its second week at Liverpool Crown Court, the prosecution asked the judge to direct the jury to acquit both men after deciding to offer no further evidence against them.

So only after HMRC had presented the procecution evidence did they realise how weak the case was and then gave up.

How about a FOI request to see how much PUBLIC money was wasted on this farce?

[OnYourBikeGB]

Montpelier CEO cleared of tax dodging after 'humiliating' HMRC climb down - Professional Adviser IFAonline

Love the last line, just so good to see:

Gittins will now consider with his legal team what options are open to him to obtain recourse