NEW: Calls for inquiry into Loan Charge scandal after treasury cttee wrote to HMRC requesting more info on tax crackdown. Campaigners say letter was a "tick box exercise" & "failure of parliamentary scrutiny". HMRC accused of "airbrushing the whole mess"👇https://t.co/fcs1TYLV09
✍️ 'HMRC has left a trail of devastation behind it – and there’s more to come' | Writes Brian Monteith
Read the full column below ⬇️ https://t.co/Ia444yWsEO
'It's the people who are mis-sold the products who are innocent victims in this sort of war.'
@IainDale presses Shadow Chancellor @RachelReevesMP on whether there should be an independent inquiry into the Loan Charge scandal.
Tens of thousands of people across the country are facing crippling tax demands from HMRC in a harsh campaign that has been linked to 10 suicides. It all comes back to a 2016 piece of legislation that made individuals responsible for tax that their employers should have paid. The impact of the ‘loan charge’ has been devastating and lawyers say it completely undermines taxpayer rights.
https://t.co/Iw3XCvpJS6
#loanchargescandal Sky news @SkyNews
'You feel like you can't fight back': How thousands are being targeted by a harsh HMRC tax-collecting scheme linked to 10 suicides | UK News | Sky News https://t.co/AkfAjZAMvw
@carolvorders When i have written to MP's from the main parties asking their thoughts - only @LibDems have replied with a clear stance on the #LoanChargeScandal they write saying they would end the retrospecitve tax. thank you for listening.
#LoanChargeScandal#loancharge a good article written by Mike Warburton in Feb 2023 for The Telegraph @Telegraph
House of Commons debate on theb18th Jan. Please speak out for victims.
A jaw dropping doco about #LoanChargeScandal from File On 4 October 2020
Head profiteer Michelle Mone's husband Doug Barrowman
It's a tale of tragic suicides, bankruptcies, offshore tax havens with the trails leading back to Barrowman's Knox Group �� https://t.co/lPD0x2XzkB
@ContractorCalc @craig4monty Craig. I have emailed you asking if you can attend the HoC meeting on the 18th. Enough is enough on this #LoanChargeScandal please speak out for your constituents.
The planned Parliamentary debate on January 18, provides a platform for @loanchargeAPPG, who have described the #loancharge as 'nothing short of a fiasco'.
My latest analysis for @yorkshirepost
https://t.co/dcUC6X4a1s
Still blocked by the Minister who also blocked many people and journalists trying to hold him to account when he was apparently supposed to providing oversight to the Treasury. He pushed through the #loancharge, that is 100x the post office scandal. 10 suicides.
This will probably be the next mass scandal to come into public consciousness.
The #LoanChargeScandal
70,000+ people affected
Mutliple suicides
No punishment for companies involved who waltzed away with the money, inc at least one Tory donor
Keep holding them to account.
Excellent journalists already involved 👏🏼👏🏼👏🏼inc
⏬️@gregwrightYP
Just finished binge-listening to @nickwallis's Post Office Scandal programmes. https://t.co/OokCNkFOfN
Thank Goodness for his tenacity & belief in the little people who dared to fight a treasured UK institution that had abused its power. The loan charge similarities are uncanny.
@EdwardJDavey Happy New Year - there is a debate on the 18th Jan at HoC - regarding the abhorrent retrospective Tax Policy - #LoanCharge - please attend this debate - has any policy had 10 confimred suicides associated with it and been allowed to continue - #BritainIsBroken
@DavidDavisMP Thanks for speaking out about the Post Office Scandal - please can you speak out about the Loan Charge Scandal - there is a debate on the 18th Jan in the House of Commons. This policy was not debated previously, is retrospective and 10 confimred suicides due to #LoanCharge
The Loan Charge scandal and the Post Office scandal in the UK share several similarities, both highlighting significant issues in institutional and governmental operations. Here’s an overview drawing parallels between the two:
1.Retrospective Action: Both scandals involved retrospective actions. In the Loan Charge case, individuals were taxed for decisions made up to 20 years prior. Similarly, in the Post Office scandal, postmasters were held accountable for alleged financial discrepancies caused by flaws in the Horizon IT system, leading to wrongful convictions spanning years.
2.Impact on Individuals: Both scandals had severe personal impacts. The Loan Charge led to financial distress for many, while the Post Office scandal resulted in wrongful convictions, with profound effects on the lives and reputations of numerous postmasters.
3.Institutional Oversight and Accountability: Both cases raised questions about oversight and accountability. In the Loan Charge scandal, the government and tax authorities were criticized for implementing what was seen as unfair legislation. In the Post Office scandal, the Post Office management faced scrutiny over its handling of the Horizon system issues and the treatment of postmasters.
4.Calls for Justice and Reform: Both scandals led to public outcry and demands for justice and reform. Affected individuals and advocacy groups have called for recognition of the injustices and appropriate compensations. These cases have also sparked broader discussions about the need for systemic changes to prevent similar issues in the future.
5.Complex Legal and Ethical Issues: Both the Loan Charge and Post Office scandals involved complex legal and ethical issues, challenging the balance between enforcing laws/regulations and maintaining individual rights and fairness.
In summary, while the specifics of the Loan Charge and Post Office scandals differ, they both exemplify situations where institutional actions have had profound and unintended negative impacts on individuals, highlighting the need for careful consideration of the human element in administrative and legal processes.