'How can the Government justify continuing a campaign affecting tens of thousands of people when it cannot state what the final cost to the public purse is likely to be?' Precisely. If it helps, keen to chat with @libdemdaisy about this. #loancharge#loanchargescandal
LCAG has written to Daisy Cooper MP following failure of HMRC to answer her straightforward question - what is total cost of resolving remaining #LoanChargeScandal cases?
Thank you @libdemdaisy for question, please continue to press for truth.
hmrcloancharge.info/wp-conteā¦
As with #WaspiWomen#LoanChargeScandal politicians promised earth in opposition then failed to deliver in government @AndyBurnhamGM
Promised "independent' review, delivered #McCannReview to 'encourage' the" victims of mis-selling" to pay up...by ex HMRC Inspector!
HMRC are a rogue organisation persecuting those they can rather than doing what they should have, when they should have
Retrospective taxation is wrong
[UK] is now run by profiteers, appointing their rich friends to the House of Lords
@LCAG_2019@loanchargeAPPG#LoanChargeScandal
ALT This is an example of a Loan Charge Impact statement taken as evidence by the Loan Charge and Taxpayer Fairness Group AAP. These statements highlight the true impact of the Loan Charge on families and individuals and how that differs from what is reported by HMRC
Work for HMRC? Sick of the slaughter? Help us. Follow the link below:
https://www.hmrcloancharge.info/hmrc-whistleblower-portal/
To see a proposed solution to the mess visit:
https://www.loanchargeresolution.co.uk/wp-content/uploads/2024/08/Letter-to-Exchequer-Secretary-to-the-Treasury-about-the-Loan-Charge-August-2024.pdf
We understand that those affected may be having a tough time right now, especially given the disappointing announcement from the Government. If this is you please seek help. We attach contact details for Samaritans.
#LoanChargeScandal
https://www.samaritans.org
Call: 116 123
The loan schemes were sold as HMRC-compliant. Many contractors have since settled their tax with HMRC. Now they're being told to repay the loans as well.
Let that sink in.
These were loans that, by design, were never meant to be repaid. They were sold to contractors as a legitimate, HMRC-compliant way to be paid. The entire pitch was that the money was a "loan," not income, so it sat outside income tax.
Now contractors are being hit from both directions over the very same arrangement:
⢠First by HMRC, via the loan charge, taxed as if it were income.
⢠Now by a third party, demanding repayment as if it were a genuine loan.
How can the same money be income and a loan at once? It can't, but contractors are being pursued as if it is: taxed by HMRC as income, then chased by a firm that bought up the old loan book. HMRC calls it a "rare occurrence." One law firm contesting the claims already has 650 clients.
Full breakdown of what HMRC actually says, the key court case, and where to get help.
contractoruk.com/news/loan-cā¦
Question for @Dan4Barnet
What is it about the review that makes you think that it delivers what you promised before your Government was elected and how will it bring this debacle to a close
You claim you want to engage.
So engage and prevent loss of life
#LoanChargeScandal
Three things to know about Labour's #LoanChargeScandal#McCannReview.
1. Not a Review of Loan Charge, but how 'encourage' victims to pay.
2. Only applies arrangements 2010-2019...excluding thousands.
3. Will inevitably FAIL to resolve and raise risk more #LoanChargeSuicides.
The honest victims of YOUR retrospective tax called the #LoanChargeScandal had to set up their own suicide helpline. @UKLabour promised a independent review but you are now responsibile for a farce fake inquiry. 11 #LoanChargeSuicides
Is that Labour's excuse for selling out all their #LoanChargeScandal promises resulting in #McCannReview which wasn't?
There was I thinking that risked more #LoanChargeSuicides just to get victims votes.
Incredible stress, suicidal thoughts
It seems incredibly unfair when this was legal at the time. The government have effectively back dated legislation
...comparable with getting a speeding ticket for doing 30 in a 20 10 years ago
@LCAG_2019@loanchargeAPPG#LoanChargeScandal
ALT This is an example of a Loan Charge Impact statement taken as evidence by the Loan Charge and Taxpayer Fairness Group AAP. These statements highlight the true impact of the Loan Charge on families and individuals and how that differs from what is reported by HMRC
Work for HMRC? Sick of the slaughter? Help us. Follow the link below:
https://www.hmrcloancharge.info/hmrc-whistleblower-portal/
To see a proposed solution to the mess visit:
https://www.loanchargeresolution.co.uk/wp-content/uploads/2024/08/Letter-to-Exchequer-Secretary-to-the-Treasury-about-the-Loan-Charge-August-2024.pdf
Three things to know about Labour's #LoanChargeScandal#McCannReview.
1. Not a Review of Loan Charge, but how 'encourage' victims to pay.
2. Only applies arrangements 2010-2019...excluding thousands.
3. Will inevitably FAIL to resolve and raise risk more #LoanChargeSuicides.
Reeves to safeguard nations finances? What about safeguarding #LoanChargeScandal "victims of mis-selling" (her words) who failed by #McCannReview which simply demands pay up!
How many more #LoanChargeSuicides?
"Addresses everything"? Did @AndyBurnhamGM Labour's #LoanChargeScandal and #McCannReview which will fail to resolve?
Labour politicians, in opposition, recognise "victims of mis-selling", but in power are no better than Tories.
How many more #LoanChargeSuicides?
I know not your responsibility, but maybe contribution of government policy to suicides, of middle aged men and more, should be discussed? The #LoanChargeScandal has caused at least 11 #LoanChargeSuicides ( 13 attempts). The recent limited #McCannReview will not resolve issue.
Welsh holiday-let owners are being hit with huge retrospective tax bills because of an often unworkable new rule that homes have to be let out for more than 182 days a year .
Nicky Williamson, from the Professional Association of Self-Caterers, said: āEvery day we are dealing with people receiving backdated bills. The highest one Iāve dealt with was Ā£60,000.ā
We did warn you if they got away with retro tax once, theyād do it again.
Retrospective tax is an affront to natural justice and the rule of law.
#loanchargescandal
Welsh holiday-let owners are being hit with huge retrospective tax bills because of an often unworkable new rule that homes have to be let out for more than 182 days a year .
Nicky Williamson, from the Professional Association of Self-Caterers, said: āEvery day we are dealing with people receiving backdated bills. The highest one Iāve dealt with was Ā£60,000.ā
Get a grip of the civil servants who are killing people with the retrospective #LoanChargeScandal - that review is hopelessly flawed. You clearly do not understand enough about it.