Does anyone know if you have to pay the late fees on the APNs if the JR fails? Given we won't have an answer for sometime after the APN deadline we will then be hit with upto 15% fee. Is this except while the JR is going through?
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Originally posted by roadstar View PostDoes anyone know if you have to pay the late fees on the APNs if the JR fails? Given we won't have an answer for sometime after the APN deadline we will then be hit with upto 15% fee. Is this except while the JR is going through?Comment
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Originally posted by roadstar View PostDoes anyone know if you have to pay the late fees on the APNs if the JR fails? Given we won't have an answer for sometime after the APN deadline we will then be hit with upto 15% fee. Is this except while the JR is going through?
So chances are that if a JR fails or is not brought (most are are pending the result of the Ingenious hearing) then a penalty applies.
If the JR on Ingenious wins but on grounds that distinguish it from contractor schemes, you are likely to be asked for more fees to go to Court. Most of the JR's in contractor world have raised funds in order to lodge an application but not yet go to Court.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Originally posted by webberg View PostMost of the JR's in contractor world have raised funds in order to lodge an application but not yet go to Court.STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
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Indeed I think you're correct.
The Ingenious JR is expensive. They have some good lawyers and clients with deep pockets and the sums involved are impressive but I suspect that the hearing (next week) and inevitable appeal will be absorbing costs at a respectable burn rate.
I know that a property scheme provider has asked £4k per person for lodging a JR against an APN and that's before a hearing or even beginning to argue about the main issues.
In contractor world I've seen requests for between £250 and £2,500, but again before a hearing even starts.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Thanks for the prompt responses 😀
What happens if your part of a JR currently and actually pay the APN so as to not get further penalties and if the JR is successful then can you get your APN returned? I know its not tested but what are your thoughts?Comment
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Originally posted by roadstar View PostThanks for the prompt responses 😀
What happens if your part of a JR currently and actually pay the APN so as to not get further penalties and if the JR is successful then can you get your APN returned? I know its not tested but what are your thoughts?
My belief is that HMRC will resist repaying if the issue is one of administrative process or application of the rules. They will argue that the law/rules will be changed and to repay and then demand again would be a drain on the public purse and that they should be given time to correct the position.
If it's defeated on human rights, i.e. retrospection or lack of appeal, than I can see the same sort of argument.
Face facts. They have the money and they will NOT repay it unless the underlying issue is resolved.
My opinion, stated before, is that a JR is a waste of money because this is fighting Government policy. Save your energy and money for the real fight.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Originally posted by webberg View PostIt depends on why the JR is successful.
My belief is that HMRC will resist repaying if the issue is one of administrative process or application of the rules. They will argue that the law/rules will be changed and to repay and then demand again would be a drain on the public purse and that they should be given time to correct the position.
If it's defeated on human rights, i.e. retrospection or lack of appeal, than I can see the same sort of argument.
Face facts. They have the money and they will NOT repay it unless the underlying issue is resolved.
My opinion, stated before, is that a JR is a waste of money because this is fighting Government policy. Save your energy and money for the real fight.Comment
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Originally posted by ads1980 View PostWell I'm not in a position to pay the APNs. I have joined AMLs JR and also BIG GROUP as both seem relatively low cost no brainers to me. Should AML come back asking for more money then I will have to review that but for the time being, I would still like representation from them as they knew exactly how the scheme worked as well as having back up and separate views from BIG GROUP.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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