Originally posted by eek
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breeze
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The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_Park -
Originally posted by speling bee View PostThat is incorrect. Their marketing materials clearly say, 'Zero Risk.'Comment
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Originally posted by speling bee View PostThat is incorrect. Their marketing materials clearly say, 'Zero Risk.'merely at clientco for the entertainmentComment
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To be fair, at least these guys have stuck around - they must have known they were walking into a barrage of questions and not too nice comments (a bit like Geoff from another scheme I can't remember).
Mind you
1) I've no intention of taking them up on their offer and
2) I had nothing to do with Sunday
To me it's another loan scheme that pays the fees back if it goes south. It will be right for some people who are prepared for the risks involved and not for others. I only hope that those that do go for it go with their eyes open and understand what 'no risk' means in this instance.Comment
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Originally posted by dezze View PostOr 'Risk Free' or 'Minimal Risk' - depends it you keep watching the advert for a bit.The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Originally posted by LisaContractorUmbrella View PostBut in Dextra, HMR&C's argument that F1989 s.43 applied was accepted by the Court of Appeal and the decision was upheld by the House of Lords. As the trustees were viewed as intermediaries it was considered that contributions made should be viewed as emoluments. As I understand it the same argument was successfully used in the Sempra case even though a family benefit trust rather than an employee benefit trust was used. Also aren't these cases about 10 years old?? I am fairly sure that there have been tax tribunals since that would offer more compelling case law especially after the legal strike against EBTs.Comment
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Originally posted by LisaContractorUmbrella View PostPhil helloThe material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Originally posted by LisaContractorUmbrella View PostPhil hello
Other than that, the legislation regarding the use of EBT schemes rendered them not viable from December 2010. Most firms offering such services stopped using them, and to date I am not aware of anybody having any problems with HMRC since. Based on my own experience, HMRC seem to have taken the view that they've closed that particular loophole, and have moved on.Comment
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Originally posted by Vallah View PostThere's the recent Rangers case, but that seems to have fallen down on the fact that the contracts were't drafted properly, ie that it was written into the players' contracts that the loans wouldn't have to be repaid.
Other than that, the legislation regarding the use of EBT schemes rendered them not viable from December 2010. Most firms offering such services stopped using them, and to date I am not aware of anybody having any problems with HMRC since. Based on my own experience, HMRC seem to have taken the view that they've closed that particular loophole, and have moved on.The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Originally posted by speling bee View PostBut this isn't an EBT.Comment
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