@wealthagent What a surprise Gordon Berry has blocked me (again) 🧐
Can someone kindly retweet this thread to him and maybe ask him why have they (him & David Gill) attempted to keep this case quiet from everyone
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@PedantPedro@nobigfish@emily4MK The tax on promoters’ fees were neither in the Loan Charge nor in previous settlement offers…because fundamentally this money went to the promoters and it is they who should pay the tax. Why should we pay someone else’s tax bill? It’s completely outrageous.
What really concerns me is how HMT/HMRC have walked all over it and altered the T&Cs with such ease. It makes a complete mockery of any report/ review etc etc, independent or not. I believe very few will settle as a result.
It seems very clear that the outcome of the McCann #loancharge 'Review' was agreed at the outset and the Reviewer would know his job was to help HMRC get more cash. It had nothing to do with "Fairness for all taxpayers".
@wealthagent@itcontracting What I mean is that, in their new definition of LC, APN amounts should be deducted prior to and not be subjected to the interest from 31/01/20 to Nov 25. Currently I believe they will be.
@wealthagent@itcontracting For some higher earners the aggregate of increases, year by year, of the promoter’s fees exceeds the £70k benefit. Also, prepaid APNs are being double taxed.
They would also have to admit they made mistakes ( very few people are mature enough to do this), admit 10 people died for no reason, pay enormous concomitant compensations, reverse settlements etc.
@DanNeidle As you can probably guess, the reason the Gov (i.e. HMT & HMRC) won't act,is that it will highlight the complete lack of action taken against #LoanCharge promoters for the last 20 years. @loanchargeAPPG@jamesmurray_ldn
@Jesse_Norman You will only be remembered for the #LoanChargeScandal and the 10 #LoanChargeSuicides. You were complicit in the cover up of #HMRC incompetence; and don't even have plausible deniability because you were told over and over what was happening.
Please also remember @TanDhesi@loanchargeAPPG@keithmgordon that this so-called discretion is not only highly questionable, but it is being used retrospectively. It’s one thing using it at the correct time, it’s quite another to try and use it now for many years previously.
@keithmgordon Pls @TanDhesi@loanchargeAPPG read this tweet wrt HMRC sending individuals s684 for pre-2010 tax years which we out of scope of the #LoanCharge post the SAM report.
I have a684 opening up 3 years pre cutting off of #LoanCharge
If you're affected by or fighting #LoanCharge give this post a like & retweet so people can identify your Twitter profile then revisit this post, I'll post it again as well, then follow everybody who has liked it. We need to build a network. Stronger together
#LoanChargeScandal
Indeed, I also scoffed at the “significant risk” as they did not put a penny of their own money into it! I also could not believe that Laura K did not come back on that- she could easily have made Barrowman look even more pathetic.
@TheNewEuropean Barrowman stated £60m was a reasonable return on the £200m contract, given significant risk. I cant fathom how there is any risk, when you set up a company to take advantage of the VIP lane opp, and the government will always going to pay. The pair are repugnant.
“We need to do more” says @lucyfrazermp . Tories have lost probably 150k voters due to @loanchargeAPPG victims. ( 50k victims plus friends & families). May I respectfully say you @lucyfrazermp had every chance to look into and sort this debacle properly, but you did not bother.
@IanTodd85332631@HMRCgovuk If APNs can be used to require taxpayers who have used schemes disclosed under DOTAS to pay tax on account based on HMRC’s view without a court decision, why can’t HMRC decide whether the schemes are effective or not in their view before the promoters sell them to the taxpayers?
MATT HANCOCK
🔴COST OF GREED CRISIS
Hancock wants £10,000 for a single day's work.
The state pension is £8,122 for an entire year.
RETWEET if this is morally wrong.
Thanks all. Very much appreciated. Would have been there but out of country atm. 🙏. Hopefully I see my MP @BobBlackman somewhere there or at least signing up in support
@Jesse_Norman@Jesse_Norman This is a thoughtful, well observed and well argued letter.
So how come you can be rational and demonstrate some leadership here, yet take a perverse and illogical view of the retrospective #loancharge ? The #loancharge breaks the rule of law, and you know it.