have source eased every couple of years going back many years and including 07/08,
PrIor to and around 6 April, I was getting conflicting advice ( june 2008 tax magazine ..position not 100% clear write again in a few months ) and different answers from revenue departments, the latest in Early October where a tax office said they were discussing it themselves and it was 99% certain to be amended to allow a final source ceasing for 07/08 asotherwise it was unfair, being a retrospective tax.
On the basis of all this advice, (sayng changes would be made) I waited till just past the year end and because of the change in law remitted the money to a uk building society to be completely visable to the tax people. (that is 14 days after 6 April)
Now in early October on rechecking to see if the changes have happened I have the answer from revenue (above) but from tax peridicals and internet helplines the reply seems now to be ... refer to hmrc tax legislation, all remittance after 6 april 08 invalidates source ceasing for every year before. Thats 1 yr, 2yr, 5yr, 10yr, 50 yr!!!!
QUESTION
If I write to an , inspector, saying ......not by mistake, but by all advice sought out to the best of my ability, a remittance was made 5 days after 6 April 08. May I have that considered as being remitted pror to 6 April.as it seems unfair that all taxplanning under previous legislation is not valid, due to a selection of date made on many opinions which now seem to be wrong and were certainly wrong at that date. please could they give me a ruling.. What might be the outcome?
QUESTION
What happens if records for interest and accounts are not available going back years and years.
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