Accountability, Transparency, & Brave Sir Robin

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SCOTTCOCTOBER 12, 2016 at 18:37 ========================== If they did not submit the …

Comment on Accountability, Transparency, & Brave Sir Robin by Homunculus.

SCOTTCOCTOBER 12, 2016 at 18:37

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If they did not submit the VAT returns on time then they will have received an assessment. The return has to go in within a specific time period. One month after the return ends, the return must be submitted within a week of that date. If it is not submitted then an assessment is automatically issued.

If they put the return in, even if it is not paid, then an assessment is not raised. HMRC do not have to raise an assessment if the return is in, they can simply move to enforcing that debt, as it is a legal declaration of VAT due.

If however HMRC decide that the return is incorrect they can issue an additional assessment, then enforce the total debt.

Homunculus Also Commented

Accountability, Transparency, & Brave Sir Robin
JOHN CLARK
OCTOBER 12, 2016 at 23:53

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No worries, mate. Just glad you could confirm what I thought to be the case.

I think I speak for everyone here when I express my gratitude for the effort you put in.

Cheers.


Accountability, Transparency, & Brave Sir Robin
It’s interesting to see that Jim Traynor is as much of a rude, bullying troglodyte in person as he was to people stupid enough to phone his radio programme.

It’s not surprising that lying and spinning comes so naturally to him.

Traynor and Young several years ago https://www.youtube.com/watch?v=rN3rEcwC41M


Accountability, Transparency, & Brave Sir Robin
JOHN CLARK
OCTOBER 12, 2016 at 16:04
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As I understand it all they needed was the Court of Session’s leave to appeal, once that was granted then the appeal would be heard in the Supreme Court.

Had it been rejected then the applicant could appeal directly to the Supreme Court, who could then decide for themselves whether they would actually allow an appeal to be heard (I hope that makes sense). There was no need for that as the Court of Session had already granted it. 

My current understanding is that the appeal is allowed, that it has been made, but it will be some time before it is actually heard. 

Like you I see little point, the Court of Session was quite clear. However as having it confirmed by the Supreme Court will make the decision totally and utterly final I can see why HMRC would be happy to let it go ahead and finalise the matter. Realistically how much are they actually going to recover from the liquidated club. Very little in real terms I would imagine. However such a ruling could potentially be worth a very substantial sum. 


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Not the humility then.


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