BIG GROUP

[AngryMan]

Confused

Sorry I'm sure this has already been covered.

How is the group going to cover the many different schemes? I'm sure some are legal and others aren't? There hundreds of different ones

Also once someone goes down this route you have to see it out. You are going to lose the benefits of the settlement offer. Is there a risk the group dies off if one or two of its founders disappear/lose interest?

[squirrel]

The settlement "offer"

Sorry I'm sure this has already been covered.

How is the group going to cover the many different schemes? I'm sure some are legal and others aren't? There hundreds of different ones

Also once someone goes down this route you have to see it out. You are going to lose the benefits of the settlement offer. Is there a risk the group dies off if one or two of its founders disappear/lose interest?

Can't specifically answer the first point re multiple schemes, there are much better placed specialists on here to help.

However, there are no benefits to the settlement offer. It's full tax plus interest and even then it isn't the end if HMRC decide to throw IHT or NICs on at a later date. No discounts whatsoever.

Don't take this the wrong way, I do understand the question, but it's not a local knitting circle. There is too much at stake for pretty much all those who want to join, the BIG GROUP is our only hope. I can't see it dying off but it will be a long haul for everyone. It will either be victorious or go down in a blaze of glory. Never a whimper.

[webberg]

Sorry I'm sure this has already been covered.

How is the group going to cover the many different schemes? I'm sure some are legal and others aren't? There hundreds of different ones

Also once someone goes down this route you have to see it out. You are going to lose the benefits of the settlement offer. Is there a risk the group dies off if one or two of its founders disappear/lose interest?

Good questions:

1. The Group is seeking common issues between schemes and the application of common solutions to the same HMRC arguments arising on those issues.

2. Legal or otherwise is a red herring. unless there has been a fraud (illegal) then the argument is about which of two legal interpretations is the better one.

3. There are perhaps 40 to 45 schemes. These fit around 3 to 4 generic patterns. These schemes were designed by perhaps 4 to 6 architects and as law changed, they changed elements but not the underlying concepts.

4. Once in a group, your choices are: leave and seek individual settlement outside the group; stay with the group, see what their settlement is and take it or choose not to; leave the group and take the HMRC offer; leave the group and litigate.

5. The HMRC offer expires in June. One objective of the group is to get another offer later (hopefully on better terms). But you are correct, if you decide not to take the offer, you will lose it. If you take the offer, no point in joining any group.

6. Yes there is a risk that if the prime movers settle or move away or lose interest, then the group founders. Two key ways of stopping this. First, a strong management committee made up of people who are involved and have skin in the game but are not committed full time. Second, a paid for strategist/adviser/administrator whose job is to operate the group.

Hope this helps.

[Berner]

Can I sign UP

I'd be interested in Joing Big Group. Can I have the details please

Thanks

Berner

[lilikins1]

Hello. Would be interested in joining the group please can I have the details

[dangerouswhensober]

I'd be interested in Joing Big Group. Can I have the details please

Thanks

Berner

Hi Berner -

You're now on the list to get details when they are circulated - See post #162 - and keep checking the thread over the next few days ...

Best wishes

[dangerouswhensober]

Hello. Would be interested in joining the group please can I have the details

Hi lilikins1 -

You are also now on the list to get details when they are circulated - See post #162 - and keep checking the thread over the next few days ...

Best wishes

[dangerouswhensober]

A hint for anyone thinking of joining ...

Instead of ploughing through the whole thread ...

Look at posts #1, #162, and #193 - these should tell you most of what you need to know to decide whether to make an initial £50 pledge ...

(Then read the other posts to get the general mood of the Group ...)

[KRAMB]

Hi,

Would like to come on board and make the initial contribution of 50 pounds

Currently, I have an Agent managing my interests as my situation is slightly different to most. I used an off-shore EBT scheme but did so while contracting outside the U.K - European country - with very few return visits

HMRC - APN Team - recently sent pre notice to wrong address and will issue again. However, Today, they indicated APNs are imminent for the 4 years activity despite another HMRC department having all the details of my non residency - I guess they will start talking to each other when I recommend the APN amount should be Zero

So, if I am unfortunate to avoid a HMRC hit then for the Big Group I am very much with it. If I am fortunate to owe nothing I will still make a contribution

[MinHeadRoom]

Count me in too please