HMRC and prommisory notes

HMRC and prommisory notes

Postby mescalito » Tue Apr 24, 2012 4:44 pm

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Re: HMRC and prommisory notes

Postby startfresh » Tue Apr 24, 2012 8:03 pm

i o u a a great thanks for this post freshy
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Re: HMRC and prommisory notes

Postby skipper1 » Tue Apr 24, 2012 9:11 pm

Explain in more detail please ik having a dizzy day
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Re: HMRC and prommisory notes

Postby gary-mark:morton » Tue Apr 24, 2012 10:57 pm

this looks interesting but need some educating on the implications ?
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Re: HMRC and prommisory notes

Postby skipper1 » Wed Apr 25, 2012 12:29 am

Are they saying that if you offer payment but they refuse its considred paid?
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Re: HMRC and prommisory notes

Postby skipper1 » Wed Apr 25, 2012 3:33 pm

finally got my head around this one.

this is what i make of it.

they want £4000 from you for tax. you can either send then £4000 in prommisory notes, ie £10 £20 notes then its deemed paid.

if you send then an I.O.U as payment (which is quite legal) as i see, because its a promise to pay (contract) but there is fuck all they can do with an i.o.u because no one deems it worth anything.

now sending them an i.o.u may be deemed an agreement to pay but the conditions of what that i.o,u says will have an effect, unless you write on the back £4000 paid by way of gift is payment made,

if they dont accept it, and send it back they have refused a valid means of payment and you no longer own them £4000 and they no longer have a right to claim that money,

i.o.u seems to be a valid form of payment, as it equally has no worth like a bank note. it just seems that i need to finalize the fine detail of what the i,o,u should say
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Re: HMRC and prommisory notes

Postby hughlle » Wed Apr 25, 2012 7:11 pm

And suddenly this scene seems a little bit more serious than as first perceived :D

http://www.youtube.com/watch?v=7GSXbgfKFWg

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Re: HMRC and prommisory notes

Postby skipper1 » Wed Apr 25, 2012 9:20 pm

Lol.

Got my heed round it,

If you send a contract agreeing to pay but mark it with part payment paid as a gift and they keep it, they have accepted the terms of your contract and you only owe a small amount left as they have accepted most of it as a gift payment, if they return the iou, they have returned a valid aggrement to pay,

So either way you win, and all you do is pay the difference left after removing the gift payment as proven by a previous court case that it works
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