HMRC say the loan is taxable, therefore it cannot be a loan. Right? WRONG

[Clairol]

Any news on this please?

In due course yes.

I understand that there is an oral hearing into the latest action due to take place next week (virtually of course).

It's available to join for the public and we will of course.

Hi Graham, is there any up date on this please?

[piebaps]

Clairol

You're probably best ringing WTT directly. Graham hasn't been so active on here recently.

[DavidD]

HMRC says the loan is taxable, therefore it cannot be a loan. Right? Right (FTFY)

If a case ever makes it to court - It will be proved that it can't be both... It simply cant be when you follow the money (as will surely happen) and I can never foresee a scenario where someone earns some money;

18% (in the K2 scenario) is taken by promoters
40-55% is taken by the government as they have determined it is taxable disguised remuneration;
100% is taken by some other crowd..

No court will ever sanction that, no-one will ever say that is acceptable, no-one will ever say that is reasonable, no one will ever say that can pass any sort of reality test.....

People can talk about contract law, trust law and tax law till the cows come home.... If the time ever comes it will be proved that the same £1 cannot be taxable as (essentially) a salary and payable in full as a loan. Never going happen....

For the record as noted elsewhere I will never pay even a single penny to these crowds under any circumstance.

PS - If any of the people claiming to own these 'loans' peruse here - the example above is why you bought a bad debt - it is simple unaffordable and never can never scale up to be economic for you - so lick your wounds and find some other chumps to scam.

[Saleos]

Despite impressions created to the contrary there is little point in ringing WTT for an update on the case he alluded to, as it isn't their case so they won't know what is happening; only what has happened. You can find out what has already occurred in the past for free as it is in the public domain.

Clairol

You're probably best ringing WTT directly. Graham hasn't been so active on here recently.