The retrospective application of the 2019 Loan Charge is absolutely wrong. If the Government doesn't put it right then I, and the House of Commons, will act to limit HMRC's ability to take retrospective action against hard working taxpayers.
"How many individuals.. eligible for settlement.. (a) settled in full and (b) entered into a Time to Pay arrangement?"
In failing to provide numbers the inference is clear...none or not far off!
Thank you @DesmondSwayne for question.
https://t.co/Ilc8cnjVMh
"I am simply not the person I once was. I exist to pay off these debts. I cry daily & suffer panic attacks. My life & that of those dependent on me has changed forever. I will never get this time back with my son & he will never have the childhood he deserved" #LoanChargeScandal
Here is a clip of Wes Streeting MP at the Treasury Select Meeting on Wednesday, 30th January 2019 to take us into the weekend.
#TimetoListen#StoptheLoanCharge
The Times investigation into the overcharging of pensioners by HMRC has now discovered that this has been going on since 2016 & involves some £350m. Despite knowing about it, HMRC have done nothing to sort the problem.
The pensioner who originally raised the issue with HMRC Chief Executive Jim Harra said “it’s outrageous that a department of state has an attitude of not caring about right and wrong.
My comment piece: The will of Parliament must prevail over the #loancharge. 'If the tax was always due, why is the loan charge necessary? If HMRC was doing its job properly, why didn’t it collect the sums covered by the loan charge years ago? @OpinionYP
https://t.co/dZrzuFsvoY
🚨HMRC is taking money from people who don't owe it, then making them prove their innocence to get it back
The taxman now gets your bank interest automatically, your eBay and Vinted sales once you're selling regularly, and uses AI to scan social media in criminal cases. It says that's the limit, for now…
But its own plans describe AI becoming part of everyday tax work, and MPs have warned that trusting a machine to be right is exactly what caused the Post Office scandal
The systems already get it wrong. In one case HMRC estimated someone's savings interest at £3,847 when the real figure was £94, and they overpaid £1,476 in tax before it was caught
Savers have been taxed on interest from ISAs, which is meant to be tax-free, and on interest that never existed at all
When it happens, the money goes first and you fight to get it back. People report hours on the phone, and HMRC cuts you off automatically after 70 minutes. In one year it cut off more than 40,000 callers that way
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Nicola wasn't cleared. Just not charged.
Fine. Let's use that logic.
Boris Johnson. Cash for Honours. Not cleared.
Matt Hancock. £40m PPE to his pub landlord. Not cleared.
Michelle Mone. £200m PPE contracts. Made a Baroness. Not cleared.
"Not charged" is the new standard.
'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.
“The next Prime Minister and Chancellor must stop ignoring the Loan Charge Scandal, a clear injustice that has tragically led to suicides." #loancharge#LoanChargeScandal
https://t.co/oWVqbbPmrE
Here's excellent coverage on #loancharge developments from my colleague @ChrisBurn_Post . @yorkshirepost#loancharge. For me, everything is overshadowed by the horrific revelation of an 11th reported suicide. #RIP
https://t.co/jlIHXUEjjP
@jamesmurray_ldn no wonder Labour are losing supports in droves when you SELL OUT people like this , where was the miss selling piece in the review ? @LucyRigby will you be doing the same or will show some backbone?
@AngelaRayner 67000 #LoanCharge victims also set out to pay the correct amount of #tax. Took reasonable care and acted in good faith, based on the expert advice they received. However, unlike you #HMRC has not accepted this. Resulting in Mental health issues, Suicides, Bankruptcies.
The lax treatment of Angela Rayner by HMRC has brought into focus how arbitrary the tax authority can be in its treatment of ordinary citizens.
Too often, HMRC has pursued individuals and small businesses for vast sums of money in error. HMRC are masters of using process as punishment, making themselves increasingly difficult to contact while torturing people with demand letters and bankruptcy notices.
Victims of these errors are often forced to spend huge amounts of time and money to prove HMRC wrong. This sometimes runs to hundreds of thousands of pounds in legal fees, many times the actual amount in dispute. They also find their names and details published in a list of deliberate tax defaulters, in effect a "name and shame" list.
I have to question whether this meets citizens' privacy rights, since these do not appear to be court rulings but HMRC opinions.
HMRC's excesses must be brought under control. It is time ministers took a grip of this.
https://t.co/cJIQYyUE0e