Caught in Loan Charge nightmare for using chartered accountants advice but made great LCAG friends along the way
Joined March 2019
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Hypocrite Hammond retweeted
Wow, John, the man sent as a puppet to trumpet the 2017 #Loancharge legis. is NOT RETROSPECTIVE in a commons debate. You now question “a policy built on cliff edges” my god I’m surprised you would know the difference! “Help growth”?!? Empty words so best sit back down! #IR35
Hypocrite Hammond retweeted
Back in November 2020 #ExcludedUK asked for fairness.
Now the millions of hard working residents left behind ask for justice.
This is yet another appalling scandal, which must be addressed by our Parliament.
@ExcludedFighter
"What do they expect these people to live on?"
Anneka Hicks the Founder of Excluded UK tells LBC she is "heartbroken" after the Chancellor set out financial support plans to MPs earlier.
@EddieMair | @ExcludedUK
Read more: l-bc.co/388YJS2
Hypocrite Hammond retweeted
hmrc want 3 years bank statements and say I haven’t sent them figures for the income received from smartpay, despite me sending the figures years ago. They now say I received an income from smartpay in tax year ended 2017 which I did not and they’ve added 50 grand to my liability
Hypocrite Hammond retweeted
They state on my letter 2019 not in scope of loancharge but still want figures to check??!! Also received all my paperwork 3 times, originally year by year directly from AML & smartpay, then via PCS a paid service to collate for 2019 cut off & then on 2019 SA white space
Hypocrite Hammond retweeted
HMRC met with perpetrators of Ark Scheme long before victims were conned lured into the pension fraud , failed to take action allowing another 27 million of victims monies in
Hypocrite Hammond retweeted
This shows that #HMRC policy protecting the public and the public purse, has failed. While HMRC still goes after the victims rather than the promoters.
#STOPtheLoanCharge #STOPtheSuicides #SaveLives
Hypocrite Hammond retweeted
A lot of schemes payed it in two parts, the first part was a wage PAYE, and tax paid, the second was a loan declared on the P11, therefore taxed as BIK
So to say no tax was paid on income is incorrect.
Hypocrite Hammond retweeted
Thats probably as you have already suggested
on many occasions that a lot of taxpayers caught up in this mess including health and social workers did not understand or know about DOTAS. As the years pass you find out more and more about this mess. Hindsight is a wonderfully thing
Hypocrite Hammond retweeted
Even before the @UKLabour #McCann #LoanCharge review @Ray_McCann55 was saying "There are some in HMRC who perfer a punishment strategy which is naive and lacks humility given the fact that that every aspect of the tax system contributed to this mess"
Hypocrite Hammond retweeted
Spot on Richard. In both cases @HMRCgovuk were asleep at the wheel, and in your case they went as far as taking action against you when you exposed their incompetence. That's symptomatic of an organization that will do anything to protect its reputation . @loanchargeAPPG
Hypocrite Hammond retweeted
So whilst those using the law as implemented were not "breaking the law" the way the law was being permitted to operate was in breach of the law. Plus HMRC lied to the Commission which didn't help.
Hypocrite Hammond retweeted
I don't agree. If an EU law prevents a UK citizen being impacted by tax abuse and it's being ignored that isn't what I'd regard as "silly". That's pretty much what HMRC said. Until they lost.
Hypocrite Hammond retweeted
An interesting observation: on the Loan Charge, HMRC insisted the schemes were never what the law intended. Yet on import VAT, they claimed routing UK goods to consumers via Jersey to avoid VAT was intended. That’s why they failed dismally when I made a complaint to the EU.
Hypocrite Hammond retweeted
The promoters never pitched it that way. They would say that you were getting X% of your day rate in your bank account after all tax and fees had been settled.
Again, I’m not disputing that the promoters were essentially fraudsters and were keeping facts about schemes hidden.
Hypocrite Hammond retweeted
HMRC’s responsibility is to collect tax in accordance with the tax law. Not to pig-headedly pursue a strategy based on a flawed analysis and refuse to discuss it.
As previously mentioned, I will send you an example of HMRC eventually agreeing that they got it wrong.
Hypocrite Hammond retweeted
There was no mention of Loans, just talk of a scheme approved by HMRC. Some even asked HMRC about its legitimacy. We are not 60K people that went looking for tax avoidance & all the trouble it would cause.
Hypocrite Hammond retweeted
It wasn’t independent or a review of the Loan Charge (or Loan Charge Scandal).
Nor will it resolve matters…as the Treasury & HMRC are starting to realise..,