How so I subscribe?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
BIG GROUP
Collapse
This topic is closed.
X
X
Collapse
Topic is closed
-
-
Originally posted by kmpm View PostHow so I subscribe?
At the moment it is enough to "pledge" an amount of £50. We are in the first stage - assembling a "critical mass" of group members who may be willing to commit to long-term action (and long-term financial commitment).
Our mentor and legal advisor is "webberg" who is a tax professional (and who is also unaffected by the legislation we are seeking to challenge). He is currently preparing formal objectives and a constitution for the group (see post #1 and #145 for more details). There will almost certainly be an initial meeting or conference call in the very near future.
You should also know that, as yet, no group members have met face-to-face.
The current "pledge" count is 70 people (including yourself) plus four more possible members (who have expressed interest but not yet committed). This number has been achieved in less than two weeks since the initial post on this thread.
And ... I do not speak for the group - I'm just repeating and distilling what has been written on this thread thus far.
Please let us know if you don't wish to proceed.
Best wishes - hope you stay with us ..."If You Tolerate This Your Children Will Be Next ..."Comment
-
-
Comment
-
-
-
-
Same here,pls let me know what I need to do. I just watched Selma last night, it has given me some hope.Comment
-
-
Originally posted by webberg View PostThis started elsewhere but should be on its own.
I have two takers so far.
To clarify this BIG GROUP is ONE GROUP across ALL schemes.
It does not impact action individuals may wish to take on their own or via other groups.
Let's indulge in some speculation.
A group is formed.
It decides that there are perhaps 4 scheme "types" that are potentially caught by HMRC's present interpretations.
It knows that HMRC is not prepared to be sensible in settlement and therefore the only strategy is to defend a number of cases at Tribunal in the hope that a less than 100% victory for HMRC will force them to the table.
And I think that HMRC would only negotiate if they had less than 50% chance of victory, not less than 100%
Originally posted by webberg View Post
The group also defends to extent possible, APN claims and other spurious attempts from the agency to extract funds. This is on the basis that civil disobedience and tying up HMRC resource is an effective strategy.
That may require 5 years.
We'll allow 4 full time staff (admin/website/etc) and a panel of experts. Accommodation, telephone etc. Say £200,000 a year tops. So £1m over 5 years.
"Experts" budget perhaps £1.5m over that period. That's pretty much one average (in terms of charge out rate) tax specialist full time for 5 years.
So £2.5m over 5 years. Let's say £3m.
If the cost per individual was £10 a month for 60 months, how many are needed?
£3m/60/£10 = 5,000 people.
How many contractors impacted?
I don't know. If 100,000, then we're looking at 5% membership.
Originally posted by webberg View Post
To get to that value requires some form of advertising campaign and that in turn requires some seed funding.
There are "litigation funders" out there. They work by advancing legal costs in return for a cut of a "win".
Originally posted by webberg View Post
They might be interested. More likely something like this forum could run a pre funding group and effectively put up initial funds.
I reckon perhaps £25,000 to run the ads and initial letter/email/website stuff.
How many people here?
500? That's £50 each.
So the deal is:
Put up £50. Put up some of your undoubted IT expertise. Hire a temporary project director (on a contract). Ask for volunteers for a steering group (I'd be interested). Elect/appoint a steering committee.
Spend the initial money over 6 months and see what the response is and re-evaluate.
If this is a "go", membership is £10 a month for 60 months (perhaps less/more). Alternatively pay £500 day 1 and then nothing until month 61.
Make sure to get anybody who is willing from NTRT. Make sure to include some PR.
Anybody?
I just want to make sure there is no spinning going on and I kind of feel that any arguments you may present are already being presented.
Thanks,
FFSComment
Topic is closed
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- An IR35 case law look back: contractor must-knows for 2025-26 Today 09:30
- A contractor’s Autumn Budget financial review Yesterday 10:59
- Why limited company working could be back in vogue in 2025 Dec 16 09:45
- Expert Accounting for Contractors: Trusted by thousands Dec 12 14:47
- Finish the song lyric Dec 12 12:05
- A quick read of the taxman’s Spotlight 67 may not be enough Dec 12 09:27
- Contractor MVL Solution from SFP Dec 11 12:53
- Gary Lineker and HMRC broker IR35 settlement on the hush Dec 11 09:10
- IT contractor jobs market sinks to four-year low in November Dec 10 09:30
- Joke of the Day Dec 9 14:57
Comment