Speaking out against the #LoanCharge. 100,000 people are being denied their statutory rights because, in HMRC’s “opinion”, they don’t deserve a fair hearing.
@ProfLAppleby It was years after HMRC's hard-line retrospective #LoanCharge tax policy, amid mounting suicides, that they began 'partnering with' Samaritans, redirecting desperate callers who managed to get through on their phone line. Neither the gaslighting HMRC letters nor suicides abated.
'A clear injustice that has tragically led to suicides.' When I wrote this, 9 suicides were linked to the #loancharge. Tragically, the number of reported suicides now stands at 11.
"Tax Fraud Warning" — a traditionally vague HMRC leaves no room for doubt with Bills of Exchange.
Imagine a client paying you with an IOU. That's how some promoters are paying HMRC.
Two months into JSL, the first bypass has emerged. The mechanism? Bills of Exchange — an 1882 legal instrument being repackaged as a way to "settle" PAYE liabilities without HMRC ever seeing a penny.
Leading law firm Chartergates writes for ContractorUK on the ancient financial instrument that risks dragging agencies, end clients and contractors into serious tax exposure.
https://t.co/EmbXW5dMwp
We did warn you if they got away with retro tax once, they’d do it again.
Retrospective tax is an affront to natural justice and the rule of law.
#loanchargescandal
'I cry daily and suffer panic attacks'. My analysis of impact of #loancharge written for @yorkshirepost. Exactly 4 years ago. As I said at the time: 'I still feel duty-bound to highlight the misery caused by this policy.'
"The enforcement spotlight has been trained on contractors rather than the promoters who designed and profited from the schemes. That choice speaks to a fundamental failure of accountability." Spot on. #loancharge
HMRC will not appeal £470k giant marshmallow case after Court of Appeal win for @InnovativeBites in April - HMRC said: ‘We’ve considered this decision, which is limited to the facts of the case, and will not be appealing’ https://t.co/opWdKyVM2k @accountancylive
HMRC Is Shite:
HMRC Blows £175m on Fancy AI Toy from Quantexa
When HMRC spends £175 million on AI to “improve performance” while the basics remain an absolute disgrace, it’s not taxing — it’s institutional denial on an industrial scale.
https://t.co/W0SPQsOekT
£6.6bn ‘wasted’ in scrapped government projects - Government wrote off nearly £7bn worth of taxpayer money last year, with £293.5m spent on ‘special payments outside normal activities’ https://t.co/M0dWNdJ5zw via @accountancylive
@RidgeandFrost@MelJStride@MelJStride seems to have forgotten his 'bad manners' when dealing with MPs, the Lords, journalists and victims questions relating to the #LoanCharge.
Below is a reminder.
Mel J Stride MP – Misleader of the House
https://t.co/7nnuG8BV77
Staggering ineptitude HMRC highlighted at @CommonsPAC by @sarahjolney1 & @SarahGreenLD.
£186m to collect £44m from 800 #LoanChargeScandal victims over 6 years. What cost to pursue remaining 37k victims?
Misleading answers from CEO Jean-Paul Marks.
Thank you for questions.
HMRC given sanctionable conduct powers against ‘bad advisers’ - Tougher powers for HMRC to clamp down on rogue tax advisers with move to sanctionable conduct replacing dishonest conduct despite only being used five times
https://t.co/l10kwzOB96 via @accountancylive
@pm12396674@jzeeman101@wealthagent@accountancylive@Marion94862795 Gordon is a c**t. Don’t bother arguing with the vacuous piece of s**t.
As an ex-director of Peak he’d rightly be concerned about promoters being held responsible for their own lies in their promotional material
@NickBuckleyMBE@ShabanaMahmood@UKLabour So many productive professionals I know of personally who have left the septic isle in past ten years...
Fed up of being milked, lied to and stolen from by hook and crook (2019 loan charge - retrospective taxation for example).
Our replacements are replicating their homelands..