Look Back to Look Forward

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NEEPHEIDMARCH 16, 2016 at 19:24 I’ve had a quick look at …

Comment on Look Back to Look Forward by essexbeancounter.

NEEPHEIDMARCH 16, 2016 at 19:24
I’ve had a quick look at the proposed new EBT legislation. Here is a link –https://www.gov.uk/government/publications/tackling-disguised-remuneration-avoidance-schemes-overview-of-changes-and-technical-note/technical-noteAs I read it, there will be no point in BDO proceeding to the Supreme Court, since HMRC will be able to use the new provisions to reclaim the tax and nic whatever the outcome. I’m assuming that time limits don’t come into it- the document is unclear on that point.If there is any shortfall on what HMRC get from BDO, then it seems they will now have recourse to the employees-some discomfort for them, I feel. 
Collecting tax on disguised remuneration payments2.Many of the changes result in a charge being levied under Part 7A. In the majority of cases this means that the charge is collected through PAYE from the employer who was party to the avoidance scheme. NICs would also normally be collected from the employer.3.However, the government will amend the PAYE regulations to allow, where appropriate, for the tax and NICs to be collected from the employee where it cannot reasonably be collected from the employer. A consultation on these amendments will form part of the wider consultation over the summer.
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Neeps…I share your sentiments entirely…however, I just hope that all these proposals/details finally make the transition from the Finance Bill (aka the Budget) to a Finance Act, later this year, probably around August/September time.
If it survives the committee stages intact, is passed into law, and the BDO appeal has not yet reached the Supreme Court, then we will indeed have a totally different version of a financial Armageddon…!
I have cancelled my summer holiday(s) in expectation…. 09

essexbeancounter Also Commented

Look Back to Look Forward
SLIMSHADY61APRIL 1, 2016 at 23:13 [DOGC = Drop Of Good Chianti]
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0303030303 … and so much easier to say than Denominazione de … I see what you did there… 21 …at least the Gavi is safe and intact till tomorrow (night!)….


Look Back to Look Forward
I claim a hat-trick of consecutive posts…OK…time to go off and finish the Chianti Classico (DOCG)…Slimsahdy will enlighten all the non Italianates… 21


Look Back to Look Forward
JUSTSHATEREDAPRIL 1, 2016 at 18:54 Interesting to see the story about the EBT’s rearing its head again. Is this not the EBT’s that we were assured, by our intrepid media, would have no effect on the players and that they would not be required to pay back a penny to the exchequer? Although this law is still at the discussion phase it is a double problem for those who had an EBT. If BDO lose the appeal in the Supreme Court then they’ll be chased by the tax man, yet if the appeal is successful Hector will still be after them if this law comes to pass. I hope Hector is keeping a close eye on any money being transferred abroad from the recipients. =================================
JustShattered…I see the future…and it is… looking good…assuming the appeals go in our (i.e. taxpayers’) favour 04
On the positive side, I firmly believe that it is now to late for those recalcitrants who have not already made “overseas sheltering” arrangements…shame! 03


Recent Comments by essexbeancounter

Sweet Little Lies
On your blagging rights, can I suggest a good QC? ( see my post of 15.08 this afternoon) broken heart

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JC (ok I will stop!!!), you are defaulting to type here…acting as the “barrack room lawyer” as that miscreant poster described you the other day…

Then again, you have probably spent far too much time in the courts over the years on behalf of the site…laugh


Sweet Little Lies
There was a poster under the name ‘ Essexbeancounter’ who never let anyone forget that fact,jimbo, always referring to John Clark(e).

I do hope he is alive and well and looking in occasionally.

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He is indeed alive and well and looking in constantly JC(e)…many thanks for your kind thoughts…especially after all these years…how many did you say…?…Eight?
I would remind all bloggers that I still have blagging rights to the John Clark(e) moniker from all those years ago…devil

Nice to see Hoopy and NR Cat1 re-appearing and posting…is this a harbinger of some cataclysmic or administration event?


We’re Gonny Need Another Baw.
Just logged on to state that "earlier reports of my death" have been greatly exaggerated…I have been lurking in deepest Essex and  not missed a single blog or post, especially from my old literary mentor John Clarke(e) and fellow "beancounter" StevieBC…and all the other regular posters/suspects.

My day has been marked with the announcement of the death of that TRUE sports writer and PROPER journalist Hugh McIlvanney…RIP

His piece in The Observer on the death of Jock Stein moved me to tears, and not just because I had paid £3 for a hard copy of the paper in Menorca…I would love to find that article again…

 


It Is Better To Offer No Excuse Than A Bad One
Bogs Dollox
StevieBCDecember 22, 2017 at 18:29Guess that the CoS result could /should trigger a couple of events in the short-term;– King resigns from RIFC & – the auditors Campbell Dallas ‘do walking away’ ?You would think…?  +++++++++++++++++++++++++++++++++++++Their reputation is on the line. I would think ICAS practice regulation are keeping a close watch on this one._______________________________________________________
ICAS Practice Regulation only get upset when recalcitrant, (no, not “concomitant”) members, like me, fail to return meaningless checklists or forms in time.
Please believe me…I have “got form” in this area…. 01
Only when a serious complaint from “members of the public” is received, would any notice be taken…and minimum action result…
Please remember, that ICAS members, at least 20 in number, have been involved in this whole RFC/MIH/TRFC/TRIFC omnishambles over the last 20 years or so….and….yup…a big fat zilch from the “public”…
I rest my case….


The Lost Voice of the Armageddon Virus
“….(the phrase I had used was taken from a description of Falstaff in ‘Henry IV’ ( apologies, Essex, for a the reference to Shakespoke. Nice to have you back, btw!)…”
Good morning JC(e)…I was wondering when you would resurrect my old “bete-noire” Shakingspeare…19
Delighted to see that you are all the others are still banging away at the shame that masquerades as governance in Scottish football…


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