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Previously on "The Truth about Tax Avoidance Schemes"
I refer my learned friend to the following Twaddle on taxationweb: I quote
"An adviser who has devised an avoidance scheme is under an obligation to provide details of the scheme to the Revenue within five days of the scheme first being ‘made available for implementation’. There is a penalty of up to £5,000 for failure to make the necessary disclosure. The notification process is not an approval process: the Revenue will register the scheme regardless of whether or not it believes that it is effective"
I'm surprised you didn't take the opportunity to mention Montpelier - you usually do....are you on a retainer?
And, incidently, they are one of the schemes I've investigated....
Twaddle indeed...
The thing is that you are only going of what you have read on the web. Montpelier do not put their position on the web - you have to attend a presentation to find out.
I have fought a few court cases - you never give your opponent warning of your strategy and your position.
By all means rely on your web searches/office comment if you want.
Search on the sanzar thread for the posts by friendly accountant will give you some idea.
I am nothing to do with montpelier - I am actually scarred in case they trace me back and boot me off the scheme or worse. But I doubt if you will believe me.
I've investigated several and they all ensure that I know they have a Scheme Reference Number (SRN) like it's a badge of honour somehow. They also seem to intimate that having the SRN means that the Scheme is 'approved' by HMRC! - I've heard them say this
I refer my learned friend to the following Twaddle on taxationweb: I quote
"An adviser who has devised an avoidance scheme is under an obligation to provide details of the scheme to the Revenue within five days of the scheme first being ‘made available for implementation’. There is a penalty of up to £5,000 for failure to make the necessary disclosure. The notification process is not an approval process: the Revenue will register the scheme regardless of whether or not it believes that it is effective"
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