Originally posted by Delendog
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Sympathy for the Devil
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Originally posted by webberg View PostI would say almost none.
HMRC is offering an extra statutory position and any attempt to move away from that usually results in a "take it or leave it" scenario.
Phil's note above is fine so far as tax goes but you also have to deal with the loan, DR charge, possible trust distributions etc. I'm sure he can do all of that but you would be sensible to get a fee quote for all the work required to make as clean an exit as you can.Comment
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Originally posted by Clairol View PostI am confused. I thought that the whole point of BIG GROUP was to negotiate a settlement and that having more participants was part of having weight to achieve that? Please explain.
Big Group is aimed at settlement and numbers matter.
The above discussion is about CLSO 2.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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My update on all of the settlement position is that I now believe settlement to be final and I hold no concerns about HMRC attempting later charges. Clearly other advisors may think different and I'm not wishing to turn it into an argument at all (and I'm sure neither do they) but I'm highly confident the legislation covers it well.
I appreciate that basically stating "I believe hmrc" is as a general rule a bit crazy given the past few years but its based onmy interpretation of the legislation and the conversations ive held with them the past few days.Comment
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Originally posted by phil@dswtres View PostMy update on all of the settlement position is that I now believe settlement to be final and I hold no concerns about HMRC attempting later charges. Clearly other advisors may think different and I'm not wishing to turn it into an argument at all (and I'm sure neither do they) but I'm highly confident the legislation covers it well.
I appreciate that basically stating "I believe hmrc" is as a general rule a bit crazy given the past few years but its based onmy interpretation of the legislation and the conversations ive held with them the past few days.
Thanks for the information.
Was there anything in the discussions about a full refund of the settlement if a scheme wins in court or the 2019 legislation is defeated in some way?Comment
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Originally posted by phil@dswtres View PostDon’t wish to get up hopes but actually this may be ok dependent on details. I’m out at min recovering from 5 a side. Pm me your number and can have a chat in morning (all advice on this matter free of charge as only a call)Comment
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Originally posted by phil@dswtres View PostMy update on all of the settlement position is that I now believe settlement to be final and I hold no concerns about HMRC attempting later charges. Clearly other advisors may think different and I'm not wishing to turn it into an argument at all (and I'm sure neither do they) but I'm highly confident the legislation covers it well.
I appreciate that basically stating "I believe hmrc" is as a general rule a bit crazy given the past few years but its based onmy interpretation of the legislation and the conversations ive held with them the past few days.Comment
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Originally posted by phileds View PostHi Phil - I PM'd you.
It's definitely worth writing and demanding it back.Comment
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Originally posted by webberg View PostWhat's to explain?
Big Group is aimed at settlement and numbers matter.
The above discussion is about CLSO 2.
No doubt I've missed something!Comment
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Originally posted by Invisiblehand View PostI thought the same. With more people comes a better chance at negotiating better settlement figure?
No doubt I've missed something!Comment
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