Originally posted by EBTContractor
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Rangers Tax Case
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Originally posted by Rab View PostWhy bother? Now they have APN's they don't have to prove anything. If they lose again and finally in this case, it's not like they're going to issue follower notices and give us all a refund.
Don't get confused over Follower Notices. A FN can be issued where your claim for tax relief is based on principles found to be ineffective in a finally decided case. There might be some argument about the principles (HMRC's subjective view), but the key is a "finally decided case".
On EBT/RT/loan/ToAA there is no such case so far and therefore no chance of a FN.
If HMRC do collect under and APN and subsequently the amount is deemed to be excessive, then HMRC is OBLIGED to repay. In my experience HMRC are diligent in this process and do go to some trouble to find people and refund cash. I'm saying that they return all the money (perhaps they never collect all the money) but they try.
I appreciate that those under the cosh assign base motives to their persecutors but to make progress here, you have to rise above that and deal with the agency on professional basis. It will always pay dividends to keep matters objective. Save the emotional stories for the press and social media. This is not meant to be patronizing and I have huge sympathy for all here, but by keeping matters in proportion and objective a better result on many levels will be achieved.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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I think Rab's point here is that follower notices work only where a case rules in favour of HMRC and do not work in reverse where a case goes against HMRC. I may be wrong though.Comment
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Originally posted by EBTContractor View PostAnyone know what HMRC's EBT revenue estimation is?Comment
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Originally posted by Iliketax View PostNot sure, but by August 2014 they say that they have raised £800m from 700 employers under the EBT settlement opportunity.Comment
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Originally posted by Not Losing Any Sleep View Post99 % or this was from JP Morgan employees who were under a 3 line whip.Comment
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