Originally posted by smckeown
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Previously on "HMRC settlement Deadlines/delays and the LC"
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Originally posted by Speccy View PostI hope to God I'm wrong but I suspect that now Boris and his chums have a resounding majority and won't need the contractor community's votes again for another 5 years, the Tories will not give a stuff about the report and the LC will forge ahead as planned.
Sorry to be pessimistic but I think the Tories believe that have the mandate to do what they like in all aspects of Government
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Thanks for voting us back in
I hope to God I'm wrong but I suspect that now Boris and his chums have a resounding majority and won't need the contractor community's votes again for another 5 years, the Tories will not give a stuff about the report and the LC will forge ahead as planned.
Sorry to be pessimistic but I think the Tories believe that have the mandate to do what they like in all aspects of Government
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Originally posted by webberg View PostAlthough I gave personal and written evidence to Sir Amyas, he has not seen fit to let me know when the report is/was finished nor when/if the report to going to Government.
If others are reporting that the submission of the report is imminent and that changes are recommended, then they know more than I do.
Be aware that the Government asked for the report. They made no commitment to publishing it and no commitment to acting upon it. They could say "yes we have the report, we will make no changes, carry on". They could say, "here it is, we accept all the changes and will make more as well up to and including abolition".
I'm aware this afternoon that some advisers and others are claiming inside knowledge as to timing and content. I hope that their sources are correct.
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Although I gave personal and written evidence to Sir Amyas, he has not seen fit to let me know when the report is/was finished nor when/if the report to going to Government.
If others are reporting that the submission of the report is imminent and that changes are recommended, then they know more than I do.
Be aware that the Government asked for the report. They made no commitment to publishing it and no commitment to acting upon it. They could say "yes we have the report, we will make no changes, carry on". They could say, "here it is, we accept all the changes and will make more as well up to and including abolition".
I'm aware this afternoon that some advisers and others are claiming inside knowledge as to timing and content. I hope that their sources are correct.
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Originally posted by Iter View PostThat’s what I had heard, and then it depends how long those the changes can be implemented, hopefully at the very least this will make HMRC suspend, and officially advise on SA requirements as Jan31 is coming round very soon....
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Originally posted by BrilloPad View PostIt will be this week. Changes will be recommended.
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Originally posted by webberg View PostSorry.
Trying to be quick and simple and fingers could not keep up with brain.
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Originally posted by Iliketax View PostCan you explain why the bit in bold is right?
If you've paid tax under the loan charge equal to the tax due under the open years (and, as you say, the "financial cost of a settlement and the likely loan charge demands are roughly the same") why would interest continue to accrue after the loan charge tax has been paid?
I completely understand that if not all the loan charge tax is actually paid (or if your comment that the "financial cost of a settlement and the likely loan charge demands are roughly the same" is not right) then interest would continue on the shortfall. But not otherwise.
What am I missing?
Perhaps not collected because of a JR and some form of relief order.
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