I have just come across the above tweet about the WTT Big Group, and popped over to look at the website:If you are bullied by #HMRC over imagined tax "due", join forces with thousands others in Big Group https://t.co/y86cSHVUiZ#APN #FightBack— DotasScandalDotOrg (@dotasscandal) October 17, 2016
"WTT BIG GROUP is an action group of current and ex-contractors directly affected by the existing and proposed legislative changes granting HMRC wide ranging powers. Our focus is on mobilising a collaborative voice to develop a strategy for resolution of the existing enquiry in a fair and appropriate way ensuring the future sustainability of the contractor profession.Other than that I know nothing about the group.
The primary objective of the group is to arrive at a tax analysis and consequent settlement with HMRC, which can be regarded as fair and reasonable for both parties. This is not limited to the tax position whilst engaged in the scheme but will extend to agreement in respect of any obligations or rights that still exist, such as loans from trusts. This will be essential in order to reach overall finality following recent budgetary announcements indicating that all outstanding loans received via an EBT will be taxed as income on 05 April 2019."
Tax does have to be taxing.
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