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[woody1]

Here's something funny.

It's soon going to start costing us in the region of £200m/year to travel to the EU.

Approximately 40million* brits travel to the EU every year.
ETIAS will cost 20euro (£17) per person and lasts 3** years.

40million * £17 / 3 =...

[woody1]

I'd be ok with it flipping back to the Tories in 29 but can't see it happening. Starmer's govt may not be popular but the Tories aren't even ahead of Labour in the polls.

If Tory support doesn't pick up in the next year or so, I wonder if they'll have the knives out for Badenoch before...

[woody1]

I wonder how many folks in Clacton dislike him enough to get out and vote? It might motivate some (eg. young people) who normally CBA.

The beauty of it is, by voting for Bin Face, you can stick two fingers up to Farage and the establishment.

[woody1]

Ch4 News interviewed people on the street in Clacton yesterday and virtually all supported Farage. A bit like Trump's MAGA lot, they don't seem to care what he does.

Most couldn't see what all the fuss was about; some remarked (about politicians) that they're all at it.

Thank...

[woody1]

If they don't suspend it soon, and throughout the summer, it's going to be hellish especially next month.

[woody1]

https://www.eureporter.co/politics/s...xit-system-ees

[woody1]

The interest rate on cash held in S&S ISAs (and SIPPs) is generally crap anyway. Better to have it in a money market fund.

Better still (IMO), are ETFs like XSTR (inc) and CSH2 (acc) which track SONIA.

[woody1]

I don't know if that's true either.

I would have hoped they'd treat the 99k like a payment on account, so you'd only be liable for interest on the 1k net underpayment. But it wouldn't surprise me if they don't.

And BTW, having to pay 20k interest on a 1k net underpayment is...

[woody1]

That's HMRC appearing to be lenient but in reality not conceding anything. There wouldn't have been penalties. They'll never waive interest.

More like 30% I suspect. It's been over 7% p.a. for the past 3 years. Here's what they charge:
https://www.gov.uk/government/public...septe...

[woody1]

Interest isn't a penalty. It's what all taxpayers have to pay for late payment of tax. I've seen no indication that anyone will be charged actual penalties.



It can but it would be an uphill (and expensive) battle for an individual if the accountants have been proven to be...

[woody1]

HMRC won't let up until the overwhelming majority of one-man-bands are on PAYE.

Although they've picked on CK and Boox this time, I'm sure they have a problem with all these accountancy firms (Giant, Gorilla, Crunch et al), who they see as facilitators of "bogus" incorporation;...

[woody1]

Although GregRickshaw said HMRC stated at the hearing they would not agree TTP (payment plans), they're talking bollox. Users of avoidance schemes have always been able to pay by instalments over several/many years.

If they ever tried to pull that one, it would be time to get your local...

[woody1]

I wonder if HMRC considers dentists, doctors, photographers, graphic designers, actors, musicians, footballers fit to have companies.

What about Members of Parliament? Are they too stupid to?

Perhaps only freelance accountants should be able to?
...

[woody1]

Day to day. Although these were cases involving avoidance schemes. There wasn't the level of aggression towards the appellants as seen at the Boox hearing. But as you say, it's largely irrelevant; cases are decided on the facts not theatrics....

[woody1]

No they are not. I've followed a number of FTTTs over the years involving contractor schemes, and I've never come across this sort of attack. I don't know what it means but it's definitely not the norm....

[woody1]

You said judges. How many were there? Most tribunals only have one....

[woody1]

Although it might have been dispiriting to listen to, I'd wait for the tribunal judgment rather than reading too much into HMRC's diatribe. It sounds like they were really laying it on thick, perhaps to distract from the flimsiness of their case....

[woody1]

I imagine if HMRC win the Boox case there would be little prospect of CK getting a different outcome. Hopefully the tribunal judges reach a decision fairly quickly, although I'd be surprised if it's before November.

Anyway, good luck to you all....

[woody1]

You mean there's no money to pay for legal representation at the tribunal in November? The clients selected as test cases are having to represent themselves?...

[woody1]

The Boox judgment may not have been handed down by then. I guess if there are enough CK clients sharing the bill it might not be too onerous.

Funny how things have turned out though. I remember in the early days CK were really up for it, and it was Boox who seemed noncommittal....