Originally posted by zaphrus
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
HMRC Consultative Document - marketed tax avoidance schemes
Collapse
X
Collapse
-
varunksinghvarunksingh
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
-
Boyle
http://www.taxation.co.uk/taxation/A.../elephant-room
"Late last year HMRC won the case of Philip Boyle v HMRC (TC 03103) at the FTT. In their Spotlight publication of December 2013, HMRC hinted that many other “contractor loan schemes” would come within the Boyle decision. And, in a press release of 9 December 2013, HMRC said that about 15,000 people used tax planning schemes which were similar to the one used by Philip Boyle."
"Therefore, while the Boyle case has a superficial and peripheral resemblance to some other tax planning arrangements, HMRC would convince themselves that this case, assuming it is final, was “relevant to the circumstances” of all the other 15,000 or 16,000 contractor cases and issue payment demands."Last edited by DonkeyRhubarb; 19 February 2014, 08:43.Comment
-
varunksinghvarunksingh
- Thanks (Given):
- 0
- Thanks (Received):
- 0
- Likes (Given):
- 0
- Likes (Received):
- 0
Originally posted by DonkeyRhubarb View Posthttp://www.taxation.co.uk/taxation/A.../elephant-room
"Late last year HMRC won the case of Philip Boyle v HMRC (TC 03103) at the FTT. In their Spotlight publication of December 2013, HMRC hinted that many other “contractor loan schemes” would come within the Boyle decision. And, in a press release of 9 December 2013, HMRC said that about 15,000 people used tax planning schemes which were similar to the one used by Philip Boyle."
"Therefore, while the Boyle case has a superficial and peripheral resemblance to some other tax planning arrangements, HMRC would convince themselves that this case, assuming it is final, was “relevant to the circumstances” of all the other 15,000 or 16,000 contractor cases and issue payment demands."Comment
-
But David Gauke has said that "follower cases" will only affect 4,000 taxpayers in the next 2 years.
Tax Avoidance: 3 Feb 2014: Hansard Written Answers - TheyWorkForYou
Does anyone really believe that?Comment
-
Belief?
Based on his previous U-turns on retrospection then you cannot believe his comments. Particularly as they have already stated a figure of some 65,000 targeted in their own documentation. What amazes me is that -unless you are a contributor to this or similar forums - there is a good chance that you will not be aware of the proposals until it is too late: no forewarning; no "heads up"; no official letter summarising the intent - it will be law and you won't have a leg to stand on.Comment
-
Originally posted by VictorValiant View PostBased on his previous U-turns on retrospection then you cannot believe his comments. Particularly as they have already stated a figure of some 65,000 targeted in their own documentation. What amazes me is that -unless you are a contributor to this or similar forums - there is a good chance that you will not be aware of the proposals until it is too late: no forewarning; no "heads up"; no official letter summarising the intent - it will be law and you won't have a leg to stand on.
Some consultation it is when they don't even inform the people who will be affected.Comment
-
Originally posted by costo View PostIt's interesting that the consultation duration lasted just 4 weeks, according to
Code of Practice on Consultation
And then
I'm guessing the provision will be "to get this ready in time for the budget", however I don't believe this was indicated in the consultancy document?
Then
Consultation Principles
The most important part being
Is it possible that this consultancy has not abided by their own framework?
That's really interesting ... if they have violated their own consultation framework, then can it be argued that the proposed law cannot stand? If that's the case, then it would be worth trying to delay the law passing, as I'm sure I read in the draft legislation that a follower notice can only be issued within 12 months of either a case being opened, or a similar case being final (Boyle), now if the law wasn't able to pass until 12 months after the Boyle ruling, then follower notices could not be issued in respect of Boyle.Comment
-
Originally posted by DonkeyRhubarb View PostBut David Gauke has said that "follower cases" will only affect 4,000 taxpayers in the next 2 years.
Tax Avoidance: 3 Feb 2014: Hansard Written Answers - TheyWorkForYou
Does anyone really believe that?Comment
-
Originally posted by costo View PostIt's interesting that the consultation duration lasted just 4 weeks, according to
Code of Practice on Consultation
And then
I'm guessing the provision will be "to get this ready in time for the budget", however I don't believe this was indicated in the consultancy document?
Then
Consultation Principles
The most important part being
Is it possible that this consultancy has not abided by their own framework?
Considering the usual consultation period is 12 weeks and they have only given us 4 weeks, despite this proposed legislation affecting 65,000 people, it stinks to high heaven. This is typical of the underhand way that HMRC go about their business.
I've sent this to the NTRT Steering Group to see if anything can be done. I think it's also worth stating in any communications to the consultation/your MP that HMRC/govt have broken their code of conduct.'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.Comment
-
My response has been sent for what it's worth, I say, feeling like King Canute in a sea of pirates known as HMRCJoin Big Group - don't let them get away with it
http://www.wttbiggroup.co.uk/Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment