Edge EBT thread

[EBTContractor]

http://m.stv.tv/news/scotland/265261...appeal-begins/

Sent from my GT-I9300 using Tapatalk

[varunksingh]

Rangers oldco victory in big tax case contained 'errors in law' | Scotland | STV News

Sent from my GT-I9300 using Tapatalk

Headline of the Article is wrong. UTT will make a decision if FTT did "error in law" or not. Looking through Lens of Law, FTT did not!

[DonkeyRhubarb]

CIOT response to consultation

http://www.tax.org.uk/Resources/CIOT...20response.pdf

[Michael J Perry FCA]

Free initial advice and help line

Those that have any open enquiry with HMRC or tax assessments under appeal should seek professional advice now.

If the current proposals for changes in tax legislation become law later this year, you will have limited time to respond and should use the interim period to prepare.

We are acting on behalf of many contractors already and can provide initial advice in confidence without charge or obligation.

[GoneSouth]

Group representation

If you have any desire to pursue group representation please see Norla/Edge Former Employee EBT Self Help Group

Request PM (private message) access if you don't already have it. You can post a request or contact the admins via this page: http://forums.contractoruk.com/sendmessage.php

PM TheDandy here: http://forums.contractoruk.com/priva...=newpm&u=39502
PM Saleos here: http://forums.contractoruk.com/priva...=newpm&u=41765

then make a decision if you have interest in one or both of the groups and if you are willing to foot the likely costs and advise the organiser(s) accordingly

Simply posting a desire to join a group will not achieve anything.

Sorry for the repetition but I want to ensure latecomers are informed

GS

[Michael J Perry FCA]

ACT NOW!

Action is required now in relation to the proposed new HMRC legal powers which could come into effect within the next few months. Doing nothing or joining a 'group' is not the whole answer.

This is what the Government said in the recent response document on "Raising the Stakes on Tax Avoidance":

Following the consultation we will be taking forward almost all of the proposals
in the consultation which have been improved by suggestions in the responses.

We are publishing draft legislation for further comments, with a view to
implementation this year.

Our work against tax avoidance is continuing. For many tax avoiders, one of
the key attractions of a scheme is not necessarily the actual tax saving, but the
opportunity to retain the tax saving during the course of the investigation and
any subsequent legal challenge. In order to bear down on this advantage and
to demonstrate our continued commitment to fight tax avoidance we are
consulting on how users of avoidance schemes can be made to pay the tax in
dispute up front.

You have been warned, again.

[cojak]

And I think that you have warned enough thank you Michael.

[ramzanamin]

Action is required now in relation to the proposed new HMRC legal powers which could come into effect within the next few months. Doing nothing or joining a 'group' is not the whole answer.

This is what the Government said in the recent response document on "Raising the Stakes on Tax Avoidance":

Following the consultation we will be taking forward almost all of the proposals
in the consultation which have been improved by suggestions in the responses.

We are publishing draft legislation for further comments, with a view to
implementation this year.

Our work against tax avoidance is continuing. For many tax avoiders, one of
the key attractions of a scheme is not necessarily the actual tax saving, but the
opportunity to retain the tax saving during the course of the investigation and
any subsequent legal challenge. In order to bear down on this advantage and
to demonstrate our continued commitment to fight tax avoidance we are
consulting on how users of avoidance schemes can be made to pay the tax in
dispute up front.

You have been warned, again.

Michael - what action do you propose we take? Lobby our local politician? Other? Please provide specifics as we are all aware of the issues.

[vern19]

Action is required now in relation to the proposed new HMRC legal powers which could come into effect within the next few months. Doing nothing or joining a 'group' is not the whole answer.

This is what the Government said in the recent response document on "Raising the Stakes on Tax Avoidance":

Following the consultation we will be taking forward almost all of the proposals
in the consultation which have been improved by suggestions in the responses.

We are publishing draft legislation for further comments, with a view to
implementation this year.

Our work against tax avoidance is continuing. For many tax avoiders, one of
the key attractions of a scheme is not necessarily the actual tax saving, but the
opportunity to retain the tax saving during the course of the investigation and
any subsequent legal challenge. In order to bear down on this advantage and
to demonstrate our continued commitment to fight tax avoidance we are
consulting on how users of avoidance schemes can be made to pay the tax in
dispute up front.

You have been warned, again.

Blimey. If this guy fights HMRC as hard as he tries to drum up business....

[Michael J Perry FCA]

ACTION

As previously posted, certainly contact your local Member of Parliament and make them aware of the issues concerning the retrospective nature of these proposed new legal powers for HMRC.

Ensure that all relevant documentation is still available and think about financial arrangements should the worst happen.

I do not agree that the majority of contractors truly appreciate the implications but no more warnings from me!