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Settlement Versus Hoey

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    Settlement Versus Hoey

    I have a simple question on settlement. All my open/protected years are pre 2010. (Penfold and Hamilton)

    It seems the Hoey case is doing well. If I settle, would HMRC refund me if Hoey wins in the UTT? And the expected appeal?

    Or do I sit it out, not settle and wait to see the outcome?

    I have paid my APNs, so no pressure to settle. The LC does not apply to me, being pre 2010?

    Thanks

    #2
    Originally posted by Wimbledon View Post
    I have a simple question on settlement. All my open/protected years are pre 2010. (Penfold and Hamilton)

    It seems the Hoey case is doing well. If I settle, would HMRC refund me if Hoey wins in the UTT? And the expected appeal?

    Or do I sit it out, not settle and wait to see the outcome?

    I have paid my APNs, so no pressure to settle. The LC does not apply to me, being pre 2010?

    Thanks
    If you settle - that's it, HMRC won't refund you the money.
    merely at clientco for the entertainment

    Comment


      #3
      Originally posted by eek View Post
      If you settle - that's it, HMRC won't refund you the money.
      Even if you part of the litigation association?

      Comment


        #4
        Originally posted by Wimbledon View Post
        Even if you part of the litigation association?
        No. Settlement is final and irrevocable. Like divorce settlement.
        Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

        Comment


          #5
          Fight it

          Originally posted by Wimbledon View Post
          I have a simple question on settlement. All my open/protected years are pre 2010. (Penfold and Hamilton)

          It seems the Hoey case is doing well. If I settle, would HMRC refund me if Hoey wins in the UTT? And the expected appeal?

          Or do I sit it out, not settle and wait to see the outcome?

          I have paid my APNs, so no pressure to settle. The LC does not apply to me, being pre 2010?

          Thanks
          Help Hoey win his case, and save yourself 10s of thousands by contributing what you can and think is fair to his fighting funds.

          Thousands of victims been paying monthly subs to tax professionals with nothing to show for it. Hoey's case will save the day for pre 20111 EBT victims for a sake of a few hundred pounds contribution towards his fight

          Comment


            #6
            Originally posted by Wimbledon View Post
            I have a simple question on settlement. All my open/protected years are pre 2010. (Penfold and Hamilton)

            It seems the Hoey case is doing well. If I settle, would HMRC refund me if Hoey wins in the UTT? And the expected appeal?

            Or do I sit it out, not settle and wait to see the outcome?

            I have paid my APNs, so no pressure to settle. The LC does not apply to me, being pre 2010?
            If Hoey wins, HMRC will have to refund the APNs.

            If Hoey wins, it's likely HMRC will appeal, which is why they need funds (minimum contribution is £300) to cover the appeal.

            If Hoey loses, they will appeal IF they can raise the funds to do so.

            If Hoey loses and they don't have enough money to appeal, then HMRC will keep your APN money, and will go after everyone else with pre-DR loans. You'll be fine though, as you've paid your APNs so have nothing further to pay (I guess).

            Comment


              #7
              Originally posted by Darkpaw View Post
              If Hoey wins, HMRC will have to refund the APNs.

              If Hoey wins, it's likely HMRC will appeal, which is why they need funds (minimum contribution is £300) to cover the appeal.

              If Hoey loses, they will appeal IF they can raise the funds to do so.

              If Hoey loses and they don't have enough money to appeal, then HMRC will keep your APN money, and will go after everyone else with pre-DR loans. You'll be fine though, as you've paid your APNs so have nothing further to pay (I guess).
              Thanks for the perspective.

              So why settle then? If it is pre 2010, even protected loans? (I am assuming unprotected pre 2010 is now safe)

              Comment


                #8
                Originally posted by Wimbledon View Post
                Thanks for the perspective.

                So why settle then? If it is pre 2010, even protected loans? (I am assuming unprotected pre 2010 is now safe)
                Unprotected pre-2010 are in the clear.

                There isn't much incentive to settle, especially as you've paid APNs so no further interest is racking up.
                Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

                Comment


                  #9
                  Originally posted by DealorNoDeal View Post
                  Unprotected pre-2010 are in the clear.

                  There isn't much incentive to settle, especially as you've paid APNs so no further interest is racking up.
                  Lets not forget protected non DOTAS pre 2011 years. For those hmrc can't currently issue APN, nor collect tax.

                  But if Hoey loses HMRC will have the grounds to demand backdated taxes plus interest and penalties.

                  Hoey win or lose means tens of thousands of pounds for 10s of thousands of people.

                  Get real people, support Hoey's Gofundme fighting funds, or pay the taxes HMRC demand now and save yourself future interests

                  Donate to save yourself, not Hoey
                  Last edited by luxCon; 29 November 2020, 12:13.

                  Comment


                    #10
                    Originally posted by eek View Post
                    If you settle - that's it, HMRC won't refund you the money.
                    Originally posted by DealorNoDeal View Post
                    Unprotected pre-2010 are in the clear.

                    There isn't much incentive to settle, especially as you've paid APNs so no further interest is racking up.
                    Originally posted by luxCon View Post
                    Lets not forget protected non DOTAS pre 2011 years. For those hmrc can't currently issue APN, nor collect tax.

                    But if Hoey loses HMRC will have the grounds to demand backdated taxes plus interest and penalties.

                    Hoey win or lose means tens of thousands of pounds for 10s of thousands of people.

                    Get real people, support Hoey's Gofundme fighting funds, or pay the taxes HMRC demand now and save yourself future interests

                    Donate to save yourself, not Hoey

                    Couldn't have said it better myself; totally agree with this. This is the best (and probably only) chance to defeat HMRC for pre-2010 open years. APNs refunded. Imagine that ? Don't leave it to others. Many are ending up in TTP arrangements where 1 month of their agreement paid to Hoey could have them escape a life of penury. It's a no-brainer to back this

                    Comment

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