Excluded from the McCann settlement

[sadkingbilly]

You manipulated the quote to make out that I said something other than what I said, and then you called me rude and obnoxious!

yep

[cojak]

yep

Do it again and you be banned for a month,

[cojak]

How strange. The schemes anyone was in has zero bearing on whether or not they fall outside the terms of the McCann Review.

id have thought you’d be more concerned about the fact that the Review has resulted in a perverse outcome leaving many stranded, and in the fact that desperate vulnerable victims have been and are currently being misled by groups who have used and continue to use CUK as a platform. Does that not concern you more?

We have warned people over many years to get independent tax specialist advice before entering into any arrangements. This is not a tax specialist forum. WTT hasn’t been on the forum for many years.

(I used to point and laugh at people who used the schemes before 2010 as they were the ones who turned up to laugh at us fools who paid tax. Well they’re not laughing now.)

[woody1]

Those with pre-DR loans excluded from the Review (and given a lower ranking in the current lobbying) cannot simply draw a line under it and move on.

Sure they can. They can settle and pay tax like everyone else. If they can't come up with a lump sum then they can request a very long payment plan.

Paying WTT et al, in the vane hope of achieving a better outcome, is just throwing good money after bad. That ship sailed long ago with Hoey, Higgs and all the other failed legal actions.

[cojak]

Sure they can. They can settle and pay tax like everyone else. If they can't come up with a lump sum then they can request a very long payment plan.

Paying WTT et al, in the vane hope of achieving a better outcome, is just throwing good money after bad. That ship sailed long ago with Hoey, Higgs and all the other failed legal actions.

Exactly.

[loanchargehurt]

Sure they can. They can settle and pay tax like everyone else. If they can't come up with a lump sum then they can request a very long payment plan.

Paying WTT et al, in the vane hope of achieving a better outcome, is just throwing good money after bad. That ship sailed long ago with Hoey, Higgs and all the other failed legal actions.

So those with loans from pre-2011 can pay tax (fair enough), plus back interest of 20 years, plus IHT on their income (double-tax), while those who are subject to the Morse Review don’t get charged any back interest and no IHT? Does that seem right and fair to you? Do you normally pay income tax and IHT on your annual income?

[sadkingbilly]

Do you normally pay income tax and IHT on your annual income?

I don't, no.
but then i haven't dodged paying my taxes.

[woody1]

Do you normally pay income tax and IHT on your annual income?

No but then I don't receive my annual income as loans.

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I seem to recall that IHT only applied to some schemes (depending on the type of trust) and the first c.£300k (IHT threshold) was exempt.

Didn't many of these schemes end up not being liable for employer & employee NICs on the loans? That's not something anyone using a PAYE umbrella would have escaped.

Interest is paid by all taxpayers where tax is paid later than when the income was earned.

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Since my patience has run out, it's time for some final harsh words.

Stop moaning about being hard done by, and actually go do something about it. Or just let it go.

[Diagnose b4 u prescribe]

I refer to part 1 of my earlier post https://forums.contractoruk.com/hmrc...ml#post3031734
In short: I agree it's unfair that those people who fought back or ignored HMRC altogether, should now be in a more favourable position than those who agreed 'pre-McCann' settlements. I can also see why you think the new McCann terms should apply to all Loans regardless of scheme dates or previous agreements.

I'd love to offer you a solution BUT ...... if you and others in your position still want to argue your (retrospective) case, I think your only remaining chance is via your MP, wider lobbying or legal challlenge. Sadly, I doubt you will succeed.

Finally (for me), the title of this thread is Excluded from the McCann settlement. That does not apply to me so as they say on Dragons Den "Good luck, but I'm out"!

[loanchargehurt]

I refer to part 1 of my earlier post https://forums.contractoruk.com/hmrc...ml#post3031734
In short: I agree it's unfair that those people who fought back or ignored HMRC altogether, should now be in a more favourable position than those who agreed 'pre-McCann' settlements. I can also see why you think the new McCann terms should apply to all Loans regardless of scheme dates or previous agreements.

I'd love to offer you a solution BUT ...... if you and others in your position still want to argue your (retrospective) case, I think your only remaining chance is via your MP, wider lobbying or legal challlenge. Sadly, I doubt you will succeed.

Finally (for me), the title of this thread is Excluded from the McCann settlement. That does not apply to me so as they say on Dragons Den "Good luck, but I'm out"!

Thank you for your understanding at least.