I have been victimised, HMRC attacked individuals like me and not the corporations who benefitted, as that would cost votes. It's been political, brutal and unfair
@LCAG_2019@loanchargeAPPG#LoanChargeScandal
Given the medium, this will inevitably be concise. If anything is unclear, I (or others) shall try to elucidate.
This is an urgent set of tweets concerning ITEPA 2003, s.684(7A)(b).
1/8
Regrettably, taxpayers are likely to be increasingly exposed to fraudulent exploitation by bad actors. We are seeing dodgy "tax" schemes where promoters pick up healthy fees and leave their "clients"/victims to pick up the pieces some time down the line. 1/3
@SarahEGabbai@JimHarraHMRC@hmtreasury Pride comes before a fall. Do the honourable thing. Admit that mistakes have been made with #LoanCharge show some humility & please find a way forwards. Lives have been lost and ruined. This cannot go on.
Years ago I said that all parts of the tax system contributed to the loan charge mess, @DanNeidle short history of loan schemes highlights the fact that had, in 2004, the Special Commissioners adapted a more realistic view of the facts in “Dextra” loan schemes were done.
Disgracefully Treasury didn’t even acknowledge important proposal from @SarahEGabbai, but asked Jim Harra to send usual templated nonsense. There have been more #LoanChargeSuicides since.
https://t.co/0oCULlvBUc
Members of the U.K. House of Commons approved a resolution calling on the government to investigate the conduct of HM Revenue & Customs in pursuing unpaid tax from individuals involved in the #LoanCharge controversy.
Read more from @PaezWrites: https://t.co/EJwOwOk1hZ
Somewhat delayed (my apologies - it's all down to me) but LBC have kindly let me share the recording of my conversation last Sunday with @carolvorders about the loan charge. https://t.co/4fgsgHw1Ip
Indeed HMRC has behaved disgracefully.
I have sent a report to Parliamentary Group with heavily redacted details of two cases: one which was successfuly closed following at my request intervention from the Tribunal and the second which is ongoing. The letters written by HMRC to my client were heinous and breached HMRC's own guidance. It hardly surprising that my client's health suffered after receiving such communications.
#LoanChargeScandal