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

[warlord]

Ok thanks this is a key fact, even a small percentage of my 130k liability over one year will kill me. I need payment terms of 5 years or more, else I will go bust. So will have to vote for can't pay.......

Its the interest that is the killer, a small percentage of my original liability (50k) minus any interest etc is do'able over a one year period

[BrilloPad]

Ok thanks this is a key fact, even a small percentage of my 130k liability over one year will kill me. I need payment terms of 5 years or more, else I will go bust. So will have to vote for can't pay.......

So HMRC will need to make you bankrupt then. Good luck to HMRC finding a judge for a bankruptcy order on a debt that will still be under challenge.

[helen7]

Don't expect any sympathy whatsoever from the Judges / HMRC. We saw an argument similar to below at the judicial review when the judge dismissed our claim that the tax was was unexpected.

** devils advocate here **

We were notified of this over 6 years ago and for most people, we were advised to pay on account during each tax year we submitted.

It this wasn't enough time to get your affairs in order, you have only yourself to blame.

** end devils advocate **

[WhatEver]

** devils advocate here **

It this wasn't enough time to get your affairs in order, you have only yourself to blame.

** end devils advocate **

You can’t justify or defend an insensitive and inflammatory statement by ring fencing with ‘devil’s advocate’. This statement assumes everyone has surplus cash or assets over the term to cover the demand despite the financial crises.

Be constructive or don’t bother as this is simply unnecessary



-------------
Thanks to NTRT for all the great work and I wish everyone a Happy New Year.. even you helen7

[BrilloPad]

Don't expect any sympathy whatsoever from the Judges / HMRC. We saw an argument similar to below at the judicial review when the judge dismissed our claim that the tax was was unexpected.

** devils advocate here **

We were notified of this over 6 years ago and for most people, we were advised to pay on account during each tax year we submitted.

It this wasn't enough time to get your affairs in order, you have only yourself to blame.

** end devils advocate **

In the courts we were in - agreed. Judge Parker made a very bad ruling. Bankruptcy courts - not so sure.

You can’t justify or defend an insensitive and inflammatory statement by ring fencing with ‘devil’s advocate’. This statement assumes everyone has surplus cash or assets over the term to cover the demand despite the financial crises.

Be constructive or don’t bother as this is simply unnecessary



-------------
Thanks to NTRT for all the great work and I wish everyone a Happy New Year.. even you helen7

If Helen7 was a troll then agreed. Well know not a troll so I agree with her. Oddle I agree with your argument too!

[warlord]

You can’t justify or defend an insensitive and inflammatory statement by ring fencing with ‘devil’s advocate’. This statement assumes everyone has surplus cash or assets over the term to cover the demand despite the financial crises.

Be constructive or don’t bother as this is simply unnecessary



-------------
Thanks to NTRT for all the great work and I wish everyone a Happy New Year.. even you helen7

The money I earnt between 2002 and 2007, was spent on an expensive mortgage and hoildays etc, there is no pot of gold, not in 2007, etc and not now. My house now is mortgaged to the hilt. I couldn't pay in 2008 and I can't pay now, well too be true I could afford to pay 150 per month for the next twenty years lol....no wait they seem to think I can afford to pay 2500 per month over a maximum of one year.

[warlord]

The money I earnt between 2002 and 2007, was spent on an expensive mortgage and hoildays etc, there is no pot of gold, not in 2007, etc and not now. My house now is mortgaged to the hilt. I couldn't pay in 2008 and I can't pay now, well too be true I could afford to pay 150 per month for the next twenty years lol....no wait they seem to think I can afford to pay 2500 per month over a maximum of one year.

Hmrc get real :-(

[jbryce]

So HMRC will need to make you bankrupt then. Good luck to HMRC finding a judge for a bankruptcy order on a debt that will still be under challenge.

The insolvency practitioners I've spoken to have suggested that bankrupting someone, with all the implications that such an action entails, over a debt that is under challenge in a legal process will present judges with a real problem.
On one hand it is an enforceable debt - on the other the damage caused by such an action would not be redressed by the bankrupt winning in court.
A mess.

[Douglas]

Certificate of Tax Deposit

Hi all

I'd like to complete the NTRT survey but am unsure how my CTDs would affect things.

Any thoughts ?

Happy New Year to all and thanks again for the team's tireless efforts.

D

[BolshieBastard]

Hi all

I'd like to complete the NTRT survey but am unsure how my CTDs would affect things.

Any thoughts ?

Happy New Year to all and thanks again for the team's tireless efforts.

D

Ive got a CTD but dont see how that impacts what answers you give in the survey.

Just think of the CTD as a separate insurance policy that could be used if you have to pay the full liability in that eventuality.

If another resolution is possible, you either get all your CTD back or a greater \ lesser part of it.