Originally posted by OnYourBikeGB
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No To Retro Tax – Campaign Against Section 58 Finance Act 2008
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Originally posted by sjw View Post
This is a reflection of the sterner, post-banking collapse view of tax avoidance.
Sterner for everyone, except for the bankers, it seems. You can go to prison for £60 of benefit fraud, or you can get invited to dinner with Cameron, Gauke and Osborne et al if you rip the country off for billions. I suppose it keeps we plebs in our place.Comment
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Originally posted by sjw View Post
If wealthy footballers are struggling to pay APNs, what will happen when HMRC start issuing them to tens of thousands of contractors?Comment
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"The guidance stated that “accelerated payment notices” relating to tax avoidance cases would be issued to around 33,000 taxpayers, concerning £5.1bn under dispute. HMRC emphasised that the people affected had an average gross income of £262,000."
Sounds about right for most contractors.Comment
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Originally posted by DonkeyRhubarb View PostThis is a mere taste of things to come.
If wealthy footballers are struggling to pay APNs, what will happen when HMRC start issuing them to tens of thousands of contractors?
Not to be pedantic but I think the ones struggling to pay are those who have recently stopped playing and no longer have the big incomes.
It will however highlight to the general public if footballers, even ex ones, are struggling with APNs they had better watch out.
But, I wonder how many more people will just say 'tough' they had the money and didnt pay their taxes so no sympathy?I couldn't give two fornicators! Yes, really!Comment
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Originally posted by BolshieBastard View PostBut, I wonder how many more people will just say 'tough' they had the money and didnt pay their taxes so no sympathy?
Still it creates a headache for HMRC enforcing APNs for a hypothetical tax liability that hasn't even been proven in court.
What they going to do? Seize assets, bankrupt thousands of contractors?Comment
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Originally posted by BolshieBastard View PostBut, I wonder how many more people will just say 'tough' they had the money and didnt pay their taxes so no sympathy?
There's a simple reason I support the BN66 thread and that's the retrospective nature of the legislation, I find that deeply offensive.Comment
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Originally posted by BolshieBastard View PostNot to be pedantic but I think the ones struggling to pay are those who have recently stopped playing and no longer have the big incomes.
Of course, one suspects that only a small percentage of them actually used the reliefs like that - as many schemes try to make sure the tax is never paid at all.Comment
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