Maybe post on the BG forum too?
Been a few comments about lack of posts on there compared to here recently.
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I have posted elsewhere (What is the 2019 loan charge) some thoughts around the present "mood" in some of the postings.
In short, there are commentators who consider that HMRC have boxed us all in with the latest round of legislation and that the only sensible course is now settlement.
Those commentators have a valid point and can be very persuasive. I would not presume to say that they are incorrect and certainly have no desire to engage in a technical debate over the possible effects of legislation that is theoretical at present and unlikely to be tested in anger for a considerable time.
Rather the point I have made is that the uncritical acceptance that the legislation is now so tightly written that escape is impossible, is not presenting a balanced view.
I have absolutely no reason to believe that those commentating are working at or for HMRC and do not suggest that. I do however think that their present mind set is not to consider any option other than that HMRC wishes to achieve.
This is a theme we will address in the next newsletter in more detail.
I post here because I know some BG members favour this forum over our own.Leave a comment:
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The DR Charge timing does not really impact what we're trying to do.Originally posted by Finalwhistle View Post
I'm not doubting your fellow contractors' ability to relay information to you accurately but as you've found, this is a complex area with lots of very detailed issues interacting with each other.
We have found that the ability of those whose skills lie outside tax tend to simplify matters, often to the extent that the explanations become incoherent to a listener - although often make sense to the first person in the Chinese whisper.
If you have questions, call or email us directly. There is a limit to what we will put here.Leave a comment:
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Apologies - April LC (loan charge)Originally posted by webberg View Post
I’m asking you whether it has an effect on BG or not? Does putting a time limitation conflict with what BG are trying to achieve?
A fellow contractor is speaking to you guys today about BG so will get the low down then. However he is probably newer to this than I am so I hope he asks the right questions!
ThanksLeave a comment:
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De Graaf
Is there a Big Group for De Graaf users of 2012-2015 arrangements? I think it was just a self-employed loan arrangement so should be pretty common.
I am one of 4 contractors interested in joining. However i'm thinking the April CL has kinda limited the use of BG now? as very unlikely action is going to get taken between now and then?
ThanksLast edited by Finalwhistle; 6 February 2018, 11:12.Leave a comment:
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Some of our clients have had a letter from the liquidator appointed to the
Castlemaine Trust
We are not insolvency specialists but there are some statements in the letter that such an expert may have reason to clarify.
The letter indicates that a court hearing has been scheduled for
6th March 2018
For all we know, there may be nothing to do or which can be done in this situation but we have asked our clients involved in the scheme if they wish to take some advice from a third party.
We will coordinate and if asked supply such information as we have.
If you wish to be part of this, whether in Big Group or not, please let us know.
You do not have to join Big Group. There is no fee payable to us. If a third party requires a fee, obviously it will be shared.
ThanksLeave a comment:
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Even if someone stood outside Parliament waving copies of the 2019 legislation, poured petrol over themselves and struck a match, it wouldn't make any difference.
This was a done deal the moment HMRC concocted it.Leave a comment:
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