Edge EBT thread

[varunksingh]

HMRC are reading this thread. Every single post.

However much I like to be James bond 007, I don't see a need for sleeper cells. At the same time I have nothing to hide from HMRC and wouldn't advice anyone on doing it so I am posting openly and honestly.

[bstar1]

However much I like to be James bond 007, I don't see a need for sleeper cells. At the same time I have nothing to hide from HMRC and wouldn't advice anyone on doing it so I am posting openly and honestly.

Operation "blackbird"

[DonkeyRhubarb]

+1

HMRC officials are appraised on the success they have recovering expected payments. They will use anything they can to scare you into paying up.... One trick is to send letters to arrive just before a long holiday period to let you stew....

You mean like their Xmas letters. Many of our guys have been on the receiving end of them. There's nothing like a brown envelope to put a damper on the festivities!

I'd like to give you a taste of what might be to come, based on our experience.

HMRC started investigating the BN66 scheme in 2003. Over the following years they sent us ALL numerous letters asking for information, answers to questions, rebuttals to their arguments why the scheme didn't work etc. Montpelier drafted all the replies and were quick to step in whenever HMRC got heavy. The tone of HMRC's letters was decidedly unfriendly. Many people felt bullied and harassed.

Some folks even had HMRC bods turn up at their doors unannounced.

This was long before it was anywhere near going to a tribunal (special commissioners as it was at the time). HMRC didn't start preparing test cases for tribunal until 2006. In 2007, they abandoned them in favour of retro legislation, but that's another story.

I wouldn't have liked to have been fending off HMRC on my own all those years.

[ebtedge]

Meeting offline

I don't know if anyone else is of this view, but I think it is better to book a meeting hall somewhere and talk to Saleos/TheDandy/Michael and take a decision collectively. What say?

[Not Losing Any Sleep]

Have a Read of Baxendale Thornhill

I don't have an Edge EBT but do have a broadly similar scheme... Three years of brown envelopes... just waiting for my Xmas mail from HMRC.
If you haven't read it, I recommend that you get a copy of Baxendale Thornhill - Law and Taxation of Remuneration Trusts 2nd ed. At the end of the book there is a very good chapter on HMRC tactics and various other chapters that are well worth reading.

[TheDandy]

I don't have an Edge EBT but do have a broadly similar scheme... Three years of brown envelopes... just waiting for my Xmas mail from HMRC.
If you haven't read it, I recommend that you get a copy of Baxendale Thornhill - Law and Taxation of Remuneration Trusts 2nd ed. At the end of the book there is a very good chapter on HMRC tactics and various other chapters that are well worth reading.

'Loaded' with good advice no doubt

[Ron Swanson]

Fantasy

I don't know if anyone else is of this view, but I think it is better to book a meeting hall somewhere and talk to Saleos/TheDandy/Michael and take a decision collectively. What say?

Seriously!
We are having enough difficulty agreeing group, no-group, now, later, which group, etc. - let alone agreeing a location, picking a venue, getting monies, paying for it, and getting together two specialists who charge circa £250 per hour.
And how would you stop HMRC trojans from attending?

[Ron Swanson]

TheDandy - General Update Required

To TheDandy,

I know I can PM you these questions, but I think the answer is one which in most of the Forum members following this thread will be interested in:

1) Has the Group you are organising voted/agreed/come to a decision on - whether you are going forward as you are - combining/merging/working collectively with the Saleos Group (or any other Group for that matter) - or altering your direction in light of new information (Saleos posts and proposal)

2) If not, do you have a timeframe within which to arrive at such a decision.

I, unfortunatley, am one of those fence-sitters - not with a view to free-loading off others, but wanting to join 'The Group' which has the best possible chance of succeeding AND preferably, led by someone who has a vested interest in the whole thing.

Before Christmas I'd like to get shot of this £1K I am holding onto and then at least have a few nights of decent sleep. I don't quite agree with Cerners analysis of the situation of waiting until FTT before mobilising a Group.

[Ron Swanson]

Offline Community

Agreed - there is far too much conjecture on this forum just now; ultimately, this could mislead people and unwittingly deliver a coup to HMRC. By all means, make contact with Saleos and / or TheDandy to get the information from the horse's mouth for each proposal and then make up your own minds.

The sooner an offline community is established, the better, from my perspective.

I was thinking about this :

Loads of 'no-cost' (no monetary cost that is) ways of establishing a forum - but it is quite of lot of time and effort cost for the particular individuals managing it.

The only viable entry point into the forum would have to be vetted individuals (as per TheDandy vetting scheme or tougher) PLUS proof that you have paid £X into joining a particular Group (that would stop the freeloaders).

A Community of vetted members is already there (Dandy's Group) and if everyone in this group agreed to their emails being shared with each other, you would then at least have a private, pseudo-forum on the email system. Won't stop the freeloaders problem but will at least allow people in the "same boat" to talk slight more openly. If this were to go ahead, I would recommend, as a safety precaution, the vetted members to create completely untraceable email addresses (loads of ways of doing that). That way, if the email correspondence was ever compromised, it would be untraceable to a particular individual. (Obviously TheDandy, as the vetter, would have the 'master key' - which he could destroy, encrypt or secure, as preferred)

[ramzanamin]

Seriously!
We are having enough difficulty agreeing group, no-group, now, later, which group, etc. - let alone agreeing a location, picking a venue, getting monies, paying for it, and getting together two specialists who charge circa £250 per hour.
And how would you stop HMRC trojans from attending?

There is too much noise on this forum, my take is simple, join a group, then the group owner can email members privately if people want a meeting, instead of organising everything in public.