Retrospective taxation campaign
Discussion
All, there are 3000 families affected by evil retrospective tax laws. Upto 2008 it was perfectly legal to operate your tax affairs in a particular way - HMRC got the law changed backwards in time and are now asking for back tax of 7 years plus interest !!! This won't happen again due to new rules but for those 3000 families it has been hell and they all face bankruptcy.
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Sorry we don't allow links asking for donations.
Edited by Big Al. on Tuesday 24th April 17:54
A few of you are missing a key point perhaps because your not directly affected by retrospective legislation.
If the scheme didn't work then why did the law need to be changed ?
HMRC provided stats to Parliament in which it was deemed that very few people would be affected. They misled the MPs. The very MP - David Gauke, whom is now in charge of HMRC banged the drum that this draconian measure should never be past. But now in power he's the key one arguing in its favour.
Parliament now has rules called Rees Rules which prevent this kind of thing happening again. Plenty warning must be given first. In the case of Section 58 HMRC admitted in an internal document TE63 that they couldn't challenge the scheme as it was perfectly legal to do under European laws. Instead of telling the scheme users in 2002 to stop using the scheme they waited until 2007. And now they are trying to collect the money plus back interest.
Oh and anybody running a limited company - tell if your accountant doesn't set up your affairs to lower your tax bill.
I'm not looking for sympathy not to make friends through this. You win some you loose some in life and I will accept what's coming.
Don't lecture me over tax avoidance. Every single one of us does it in some way or another. Perhaps avoiding VAT when buying from a "mate".
If the scheme didn't work then why did the law need to be changed ?
HMRC provided stats to Parliament in which it was deemed that very few people would be affected. They misled the MPs. The very MP - David Gauke, whom is now in charge of HMRC banged the drum that this draconian measure should never be past. But now in power he's the key one arguing in its favour.
Parliament now has rules called Rees Rules which prevent this kind of thing happening again. Plenty warning must be given first. In the case of Section 58 HMRC admitted in an internal document TE63 that they couldn't challenge the scheme as it was perfectly legal to do under European laws. Instead of telling the scheme users in 2002 to stop using the scheme they waited until 2007. And now they are trying to collect the money plus back interest.
Oh and anybody running a limited company - tell if your accountant doesn't set up your affairs to lower your tax bill.
I'm not looking for sympathy not to make friends through this. You win some you loose some in life and I will accept what's coming.
Don't lecture me over tax avoidance. Every single one of us does it in some way or another. Perhaps avoiding VAT when buying from a "mate".
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