@FeingoldDaniel I would like to know if the secretariat (LCAG) confessed to the APPG & Ray McCann that LCAG & CIOT firm WTT had promoted, encouraged & sold for profit, non-disclosure of loans on the 2019 Tax Return. Did Ray McCann know this when deciding to reward that behaviour with discounts?
@Rac20181@4x4RoadRunner01@SarahEGabbai Should we be surprised that those who have been devastated, bankrupted and destroyed mentally and financially by the #loancharge should ask who was influencing the evidence to the Lords, Parliament & Morse?
@StuartMaggs@rgarryneal HMRC proposed the retrospective tax before the Rangers Court of Session decision. The case law was all against HMRC & HMRC said of the #loancharge “we win or we win, clever isn’t it.”
HMRC changed their argument in the CoS to argue for PAYE knowing they hadn’t assessed employers.
Public Accounts Committee gives scant attention to the #loancharge Review, dismissing claims that it hasn't been cost effective & easily getting around the detail of who is omitted by focusing ONLY on the narrow band who are affected by the LC & haven't settled.
APPG not briefed?
@RobertJStephen2 That’s not really making sense to me as an accountant. Doesn’t sound right.
The good news should be that the new terms mean your liability will be revised based on what you received in the year you reviewed it, and with back interest forgiven. So should be much improved for you.
You & LCAG & other fools argued that it was your earnings.
So you are taxable thereon.
This is the consequence of raising arguments you (LCAG) don’t understand.
@StuartMaggs@rgarryneal HMRC proposed the retrospective tax before the Rangers Court of Session decision. The case law was all against HMRC & HMRC said of the #loancharge “we win or we win, clever isn’t it.”
HMRC changed their argument in the CoS to argue for PAYE knowing they hadn’t assessed employers.
@Anon67038423@babooshka56@wesstreeting@hmtreasury@LCAG_2019 We now know through FOI that HMRC first proposed the #loancharge to Ministers in September 2015. At that time even the CoS had not ruled.
The Promoters were correct, HMRC could not tax you (without first assessing the employers).
The #loancharge was designed to get around that.
I see Ray Trew is once again a Director of C4J (now called The Claims Compensation Group) despite his previous protestations at having no connection.
This is Steve Packham’s bedfellows.
@gregwrightYP just ignores all this factual evidence 🤷♂️
@ContractorNews_ This article is based on a complete misunderstanding. This is the danger of believing anything a lobby group tell you.
The reason only 800 people have "reached a settlement THAT INCLUDED THE LOAN CHARGE" is because LCAG & WTT sold (for profit) non-compliance (tax avoidance)
This was why LCAG blocked me from the APPG Twitter account back in 2021.
Nothing to do with “abuse”.
@gregwrightYP is just repeating what LCAG feed him (as if it’s coming from the APPG). That’s not journalism.
LCAG didn’t like me putting the truth in front of Greg, hence blocked!
Steve argued that “closed” years should be dealt with (removed) first. They weren’t closed, simply never declared.
Steve argued HMRC should pay some of the tax! (This was part of WTT’s 10/10/10/10 proposal which LCAG promoted to the APPG) 🤦♂️
It’s always been SP promoting WTT.
This is the proposal from LCAG/APPG in August 2020 (1 month before the settlement deadline). It’s the same crap that LCAG bought from WTT, the same 10% garbage claiming that was the tax paid by those who operated PSC’s.
LCAG had torpedoed our proposal to half settlements for all.
LCAG screwed “victims” as those who run LCAG are completely sold hook, line & sinker on claims made by WTT, none of which have ever materialised.
However SP as Director of LCAG has escaped any charge on his pre-DR loans (no enquiry) & now has better terms on post DR loans 🤔
UK government national debt 1975-2026: (£billion):
1975
£59 billion
1980
£114 billion
1985
£169 billion
1990
£190 billion
1995
£384 billion
2000
£415 billion
2005
£573 billion
2008
£810 billion
2010
£1,220 billion
2015
£1,570 billion
2019
£1,800 billion
2021
£2,224 billion
2023
£2,619 billion
2026
£2,900 billion
An increase of almost £2.5 trillion in just 20 years. A tale of gross economic incompetence by successive UK governments to a point where interest payments on the national debt are now over £100 billion a year - funded by the taxpayer.
The UK government now spends £110 billion a year just on national debt interest payments. Even after tax receipts, the UK government is still adding £360 million new debt every day.
What a clot.
The point is I was happy to have it all out in public, live on Zoom for others to hear. Why should I waste time travelling to only be met with the same lies behind closed doors? Who would that help?
My reluctance most definitely wasn’t due to fear, quite the reverse!
Apologies, the meetings maybe wasn’t cancelled, it was just that my (our) invite was withdrawn immediately after Steve found out we’d been invited (having phoned the XST’s secretary).
The email withdrawing the invite came through whilst Steve was still on the phone to me!
The meeting we’d been invited to by the XST was suddenly cancelled, after Steve found out about it after having phoned James Murray’s secretary! 🤔
Steve likes to play games & block access to the APPG & help WTT sell to desperate “victims” with no outside expert intervention💰💰