Originally posted by interestedparty
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!
Track the Finance Bill 2020-21 here
Collapse
X
Collapse
-
STRENGTH - "A river cuts through rock not because of its power, but its persistence" -
Originally posted by regron View PostWrite back asking for more time... you don't need to be that inventive under the current circumstances ;-)Comment
-
Originally posted by interestedparty View PostSo, on the basis that the LC becomes prospective (I know this is still unlikely), but we still have open years (pre-2017), then on what basis could HMRC apply tax + penalties + interest on us?Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
-
Originally posted by regron View PostVia litigation. Either win the case against your scheme, or via a follower notice based on winning a different scheme which they consider is similar to yours.
The watering down of the LC has brought back a big problem* for HMRC that they never wanted to deal with.
* litigating against tens of thousands of users across dozens of schemesScoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
-
Originally posted by DealorNoDeal View PostCould HMRC win a case against one contractor loan scheme and then use Follower Notices on all the other contractor loan schemes? Possibly but I think there are enough differences across the schemes which would make this difficult. For example, I'm not sure they could use a win against an employee scheme to issue Follower Notices to self-employed schemes. HMRC have already got caught over reaching with Follower Notices, so they know there are limitations.
The watering down of the LC has brought back a big problem* for HMRC that they never wanted to deal with.
* litigating against tens of thousands of users across dozens of schemesSTRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
-
Finance Bill
Originally posted by regron View PostVia litigation. Either win the case against your scheme, or via a follower notice based on winning a different scheme which they consider is similar to yours.Comment
-
Originally posted by DanJackiels View Postnot sure if weird conincidence or not, but got a call from HMRC (private number) asking if i had received letter and was all ok?! i said yes - hopoing to reply ASAP, but waiting to hear back from tax advisor on IHT/ cost of not settling versus settling etc. and he was fine - said no problem, if you need a few days more to reply we aren't strictly enforcing dates at the moment. I'd like that in writing but maybe for once they are showing some common decency.
1. HMRC take a more relaxed approach and offer extensions etc... knowing full well that once they get your settlement money, they have it forever and you will NEVER EVER see it again, no matter how things play out in court from there on.
2. HMRC play hard ball and stick to settlement deadlines, knowing they stand the chance of losing a lot of settlement revenue, which they don't have to return, EVER.STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
-
Do people genuinely beleive that the Loan Charge will be further watered down during this FB discussion. More that the Morse recommendations ?
I am asking as its difficult to find out anything byy following the link. I saw some post that there is lots of lobbying and behind the scenes activities.
So do we think some rabbit will be pulled out of the hat.Comment
-
Originally posted by interestedparty View PostSo this would be based on common law/precedent and the Finance Bill would no longer be relevant (due to the retrospective element being removed)?
Currently, it's not known what HMRC's strategy will be for dealing with open years that are not caught by the loan charge. Without winning cases in court, though, they can't force anyone to settle.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
-
Originally posted by lowpaidworker View PostDo people genuinely beleive that the Loan Charge will be further watered down during this FB discussion. More that the Morse recommendations ?
I am asking as its difficult to find out anything byy following the link. I saw some post that there is lots of lobbying and behind the scenes activities.
So do we think some rabbit will be pulled out of the hat.
i personally don't, due to the coffers being empty and the treasury looking for all the money it can get. but doesn't stop me hoping...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