MSC stuff in Telegraph

[Ivor1]

All non criminal law is retrospectable. Criminal is stopped by virtue of the HRA.

HTH

To be honest I dont think we will know until the say, but I dont trust them as far as I could throw them. I did find this quote on a couple of site though saying it wouldnt be retro'd, see bit below 'non recoverable'

http://www.itcontractor.com/Articles...00&photopage=0

[threaded]

I thought they had been saying: that the discussions were basically one sided with Gordos minions saying to stop it ASAP as we're going to retrospect it. IIRC one of the female ministerial flunkies was wittering on about "intention" to a previous law and that the intention argument would be used so it wouldn't really be retrospect... Semantics to you or me I would suggest.

[BlasterBates]

The three day week only works for foreigners, where they fly to Jersey for a couple of days, and then are exempt from tax for their earnings abroad, i.e. in Jersey where they earn most of their money.

If you're British you can only spend on average 91 days in the country but up to 183 in any one tax year. So over a few years a three day week would put you way over the limit.

183 day rule is meant to allow foreigners to work for 6 months before being liable. You would then need to take an 18 month break before exploiting that one again.

[threaded]

Perpetual traveller: learn a bit of foreign language and only do 6 monthers in each country.

Met a Canadian who was doing just that, (and a few other dodgy things as well, but that's another story)

[pisces]

Do you ever get the feeling that the government really, really doesn't like us?

No. They just don't know what they are doing.

[threaded]

No. They just don't know what they are doing.

Never attribute to malice what can be adequately explained by stupidity.

[Bigbird]

Interesting that HMRC's own staff think both IR35 and the new MSC regs are going to be extremely difficult to enforce....... last conversation I had with a compliance officer he said (genuine quote) "I don't know why they don't just slap an NI charge on dividends......."

Word in the MSC provider world at the moment seems to be that they are all just going to move to PSC and open individual bank accounts. Having read the draft documents I personally don't think this will cut it but general thinking amongst the providers is that it will take at least 18 months for them to bring a test case, by which time "someone" will have developed a more robust solution that they can all follow like sheep.

If I was them I'd be MUCH more worried about the 3rd party recovery legislation.