Discover and read the best of Twitter Threads about #LoanCharge
Most recents (19)
Why was Jessie so annoyed by it all?
As Jim agrees he should be annoyed...
Maybe it was from the debate in the commons 9 days earlier?
The truth echoing around the chamber...
#LoanChargeScandal
As Jim agrees he should be annoyed...
Maybe it was from the debate in the commons 9 days earlier?
The truth echoing around the chamber...
#LoanChargeScandal
Was it the excellent questioning from MPs across the house pointing out that the #LoanCharge is retrospective and that the #LoanChargeReview should've been from a Tax Judge not from their man on the inside...
Maybe it was the #LoanChargeSuicides - the promoters, that name that still keeps giving. Very hard to take a position against an old friend.
@HMRCGovuk have been told by the FTT that my request for #LoanCharge FOI is not vexatious and that they cannot rely on this exemption to avoid releasing the information requested. HMRC’s reputation for using every wheeze to avoid providing info requested has been exposed. 1/5
A request sought to identify whether Lord Forsyth whilst on the
@LordsEconCom
was misled by HMRC in regards to the use of contractors that had used DR schemes has taken 2 years to reach the FTT. 2/5
@LordsEconCom
was misled by HMRC in regards to the use of contractors that had used DR schemes has taken 2 years to reach the FTT. 2/5
HMRC sought to avoid release of the info on the grounds that the request was vexatious. Initially the ICO agreed with them. 3/5
1/4 I made an FOI in 2021 when it became known that Jim Harra had sought support from HMRC SOLS on the "strength of HMRCs claim". whatdotheyknow.com/request/email_…
This requested correspondence between Jim and SOLS for a 3 month period
This requested correspondence between Jim and SOLS for a 3 month period
2/4 This was refused by HMRC citing Sections 31 &42 of FOI. I subsequently raised an official case with @ICOnews in Oct 2021 contesting HMRCs use of these and questioning whether the public interest test had been correctly applied. I've received a response from ICO. Pages 1 - 4
3/4 and pages 5 & 6 here. Given that the very nature of the FOI relates to the extent to which HMRC established a legal position & basis for #LoanCharge, I find it difficult to reconcile the idea that it can then state that public interest favours NOT publishing advice.
1. Let's talk about hypocrisy in government, let's concentrate on those privileged individuals who have recently held the position of Chancellor of the Exchequer. Those holier than though millionaire ministers who like to tell us to pay "our fair share". A thread🧵
#LoanCharge
#LoanCharge
2. Let's start with a previous Chancellor @PhilipHammondUK who seemed to think the tax rate for him while Chancellor was 0.4%. How does that stack up against what struggling families were paying? #LoanCharge
thisismoney.co.uk/money/news/art… via @MailOnline
thisismoney.co.uk/money/news/art… via @MailOnline
3. @PhilipHammondUK had a preference to organise his tax affairs to pay the minimum, legal yes but relevant to this thread when you see how he supported #LoanCharge legislation to pursue people, who also acted within the law, to the point of suicide getsurrey.co.uk/news/surrey-ne…
Thread: Show Me The Money #LoanCharge
@loanchargeAPPG @LCAG_2019 @keithmgordon @gregwrightYP @BorisJohnson @RishiSunak
@loanchargeAPPG @LCAG_2019 @keithmgordon @gregwrightYP @BorisJohnson @RishiSunak
I am currently at risk of being taken to court by various parties for around 8 times the amount of money that HMRC has reclassified as tax on 'disguised remuneration' - despite declaring said money on my tax returns each year, yet @HMRCgovuk not alerting any concerns at the time.
I don't have the money - I am a victim.
This thread is about who does have most of that money and who else thinks they have a claim to it.
This thread is about who does have most of that money and who else thinks they have a claim to it.
.@taxwatch has launched against the infamous "Mr Red" a senior official at Ranger Football Club for historic tax abuse.
This is why this is an important story for everyone interested in #taxjustice and #LoanCharge
taxwatchuk.org/mr-red/
This is why this is an important story for everyone interested in #taxjustice and #LoanCharge
taxwatchuk.org/mr-red/
Rangers Football Club ran a disguised remuneration scheme for many years. Players and some staff were paid in loans via an offshore trust, which they claimed was not income and so no income tax was paid.
HMRC challenged the scheme, and the case, which became known as the "big tax case" became one of the most significant and important tax cases fought by the Revenue in recent years, which was finally decided at the Supreme Court in 2017.
1. @andrealeadsom on 03/11 you said this in @HouseofCommons regarding MPs 'We spend so much of our lives trying to deliver justice to our constituents & fighting against unfairness wherever we see it.' I challenge that statement in respect of your actions for #LoanChargeScandal
2. I first wrote to you @andrealeadsom in Sept 2017 regarding #LoanChargeScandal & first met you regarding this unjust legislation in Oct 2017. You were unaware of the 20yr retrospective nature of the legislation until I told you. You agreed retrospective law changes were wrong.
3. For 4yrs @andrealeadsom I have asked for your help regarding the #LoanChargeScandal, 4yrs. How long did it take you to draft your amendment for the standards committee & then get the vote passed? Was it a matter of days. You've never spoken out for your constituents like that.
@HilajoPaul That’s something of which @LordsEconCom could make great play. So this is a LOAN charge? It’s applied to LOANS? But you’re charging income tax? Is that normal? No? So you’re arguing it’s not really a loan? So explain the IHT charge to us then? So it’s because of a loan write-off?
@HilajoPaul @LordsEconCom Let’s start again so Rangers deems income tax is due & this is accepted in Hoey, but the tax isn’t collectible from the individuals you pursue? So you created a charge on the loans that you say aren’t really loans but Rangers is basis for that? You’re still pursuing those people?
@HilajoPaul @LordsEconCom Ah, you’re only pursuing the people who did fully declare their loans/non-loans to you throughout. But you previously assessed them on their loans & the Courts said NO. So you pursued the wrong people on the wrong basis? But you want them to pay anyway?
The #loancharge was designed to be penal in order to force people into voluntary settlement. But HMRC got carried away with their settlement terms adding IHT & penal interest. They could only do so because the #loancharge was so penal. So challenge this “fair share” claim by HMRC
This was the purpose of the #loancharge. It was meant to make the option of ‘voluntary’ settlement seem so much more attractive in comparison. Nobody was actually meant to suffer the #loancharge. But then the IHT department of HMRC decided that they too wanted their bit of flesh.
The #loancharge was never meant to be “fair” & neither now are the settlement terms. The irony of asking for IHT is that it’s due precisely because HMRC argue that it’s a write-off of a legitimate loan to the trust. (The attached was written by HMRC)
Hoey thread. #loancharge
The way I see it is if you have loans from pre DR, 2010 and earlier, and haven't already settled, this could be your only chance to end this fiasco. Because if Hoey wins=the Taxpayer owes nothing to HMRC! The case has already been heard in the UT....
The way I see it is if you have loans from pre DR, 2010 and earlier, and haven't already settled, this could be your only chance to end this fiasco. Because if Hoey wins=the Taxpayer owes nothing to HMRC! The case has already been heard in the UT....
2)..and has already been funded to this point by a bunch of people like myself who have contributed through the litigation Association. So this case has ALREADY been funded through the FTT and UT. The current request for more funds is to help continue funding the case1) if Hoey..
3)...wins to fund the inevitable HMRC appeal or 2) if Hoey loses he has already said he is also keen to appeal. Although the judgement has not yet been published the Hoey legal team involved were quietly optimistic of a good result.....
1. OPEN LETTER TO THE LOAN CHARGE APPG @loanchargeAPPG
I feel compelled to write this open letter to the members of the Loan Charge APPG.
Firstly let me thank your members for all their hard work & support to date for those affected by the #LoanCharge
I feel compelled to write this open letter to the members of the Loan Charge APPG.
Firstly let me thank your members for all their hard work & support to date for those affected by the #LoanCharge
2. @loanchargeAPPG Please excuse any clumsy language or incorrect assumptions, if they do not apply to you, but I am less eloquent than most MPs.
50k to 100k now have less than a week before the #LoanCharge deadline. This is desparate times, many face ruin.
50k to 100k now have less than a week before the #LoanCharge deadline. This is desparate times, many face ruin.
3. To the 76 members of the @loanchargeAPPG who have signed the letter to @RishiSunak asking for a delay to the #LoanCharge deadline I salute you all for your unwavering support. But I must ask where are the signatures from the other 159 members? Where are these MPs when needed.
1. Who'd have thought that amongst all the 1000s of qualified people in Life Sciences in this country that the person chosen to lead the vaccine task force would be the wife of a Tory minister. What are the odds on that happening? @TheCanaryUK herefordtimes.com/news/18457643.…
2. Makes you wonder if they are more interested in giving handouts to their inner circle than finding a vaccine. I am sure that @Jesse_Norman's wife is very competent but it does raise the question as to whether this was to salve the tough ride Norman has faced with #LoanCharge
3. After all the #LoanCharge policy pushed forward by the Tories resulted in @Jesse_Norman being named in a suicide note for 1 of the 7 suicides caused by this retrospective legislation. Surely Jesse deserves something from his Tories buddies for having such a tough time.
1. @andrealeadsom is it normal for a body like @HMRCgovuk to get away with lying to @CommonsTreasury ?
See below.
See below.
2. @andrealeadsom Mary Aiston (MA): ....HMRC is not going to make people sell their homes to pay their disguised remuneration tax bills.
Chair: Is that a confirmed policy?
MA: Yes
Chair: You are putting that on the record here....
MA: Yes
data.parliament.uk/writtenevidenc…
Chair: Is that a confirmed policy?
MA: Yes
Chair: You are putting that on the record here....
MA: Yes
data.parliament.uk/writtenevidenc…
3. @andrealeadsom Can you ask the current chair of @CommonsTreasury @MelJStride to call Mary Aiston to sit before them again to explain this lie & the many others she told to the committee on 30/09/19 about the #LoanCharge
1. @Keir_Starmer 's templated reply sent to loads of people impacted by the #LoanCharge is not only insulting it also shows how ill informed @UKLabour leadership & their front benches are on this matter. I will quote from the letter in this thread.
@Bill_Esterson @patmcfaddenmp
@Bill_Esterson @patmcfaddenmp
2. 'Labour have not opposed the Government’s changes to the loan charge...'
There were no Gov lchanges to oppose, there were changes proposed by @DavidDavisMP to support. Those changes would restore the access to normal judicial process which #LoanCharge removes.
@Keir_Starmer
There were no Gov lchanges to oppose, there were changes proposed by @DavidDavisMP to support. Those changes would restore the access to normal judicial process which #LoanCharge removes.
@Keir_Starmer
3. 'Labour have not opposed the Government’s changes to #LoanCharge, as it is clamping down on tax avoidance schemes.'
@Keir_Starmer it's not clamping down on tax avoidance schemes it is penalising people who were advised to use the arrangements. Promoters get off scot-free
@Keir_Starmer it's not clamping down on tax avoidance schemes it is penalising people who were advised to use the arrangements. Promoters get off scot-free
Many are being sold hope; a guarded resolution strategy, shielded from peer review. It is suggested by some so blind they won’t see that I support sensible settlement terms to somehow protect “promoters”. Nonsesence & lies. I do so because....
The idea that RFC could mean that the LC could not [also] apply was first discussed by me with Counsel in Autumn of 2017. See this extract from an opinion dated Oct 17.
That opinion was shared with clients before they were asked to make a final decision on contributing to that legal challenge. Sadly, on 22 Nov 2017, HMRC announced they would change the retrospective #LoanCharge retrospectively. 👇🏻 from opinion of 1.12.17
1. @AnnelieseDodds @Bill_Esterson @Keir_Starmer pls understand #LoanCharge & then really think hard about whether abstaining from voting on #NC31 is the right thing to do.
After 7 suicides I don't believe staying silent is the morally correct thing to do, in fact I know it isn't.
After 7 suicides I don't believe staying silent is the morally correct thing to do, in fact I know it isn't.
2. @AnnelieseDodds @Bill_Esterson
@Keir_Starmer @UKLabour @labourwhips
Please read this thread before deciding whether you want to stand by while other lives are destroyed by #LoanCharge
Please vote for #NC31
@Keir_Starmer @UKLabour @labourwhips
Please read this thread before deciding whether you want to stand by while other lives are destroyed by #LoanCharge
Please vote for #NC31
3. @AnnelieseDodds @Bill_Esterson
@Keir_Starmer @UKLabour @labourwhips We have been treated appalling by this gov & an out of control @HMRCgovuk . Truths have been twisted. If we cannot turn to the opposition for help then all hope is removed. That is why #NC3 is so important.
@Keir_Starmer @UKLabour @labourwhips We have been treated appalling by this gov & an out of control @HMRCgovuk . Truths have been twisted. If we cannot turn to the opposition for help then all hope is removed. That is why #NC3 is so important.
1. #LoanCharge
Why don't we discuss @HMRCgovuk 's own admission that the Loan Schemes that 1000s used were legal. This admission is evidenced by the language they have used, not once is legality mentioned, and by the fact that in 20yrs they have not taken 1 promoter to court.
Why don't we discuss @HMRCgovuk 's own admission that the Loan Schemes that 1000s used were legal. This admission is evidenced by the language they have used, not once is legality mentioned, and by the fact that in 20yrs they have not taken 1 promoter to court.
2. This is a letter I rec'd from @HMRCgovuk in 2014 it states 'The promoters of these arrangements said that the amounts described as loans were not subject to tax as income'. They acknowledge we were given advice but 'if' wrong promoters must have acted fraudulently. #LoanCharge
3. 2014 letter from @HMRCgovuk also says 'HMRC strongly believes that these arrangements do not work & the amounts described as loans are taxable' . They don't say:
- they break any laws
- they are illegal
'Strongly believes' is an opinion not a statement of fact. #LoanCharge
- they break any laws
- they are illegal
'Strongly believes' is an opinion not a statement of fact. #LoanCharge
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Follow along with #SBDebate
#GE2019
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#GE2019
Ian Wright from @ICAEW_BAS welcome attendees to #SBDebate
“All general elections are significant but some elections are more significant than others.”
#GE2019
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#GE2019
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#SBDebate #GE2019
#SBDebate #GE2019
1. I make no apologies for the length of this thread as 1000s have been living with the strain of #LoanCharge for years & it reflects what we've endured.I urge you to read this,especially if you are in the media.This thread contains links to facts evidencing HMRC & Gov behaviour.
2. Years, decades even, of inaction & inefficiencies by @HMRCgovuk now mean that 100k contractors face ruin with 20yrs of retrospective tax in the #LoanCharge. I found out about this over 10 years after first using a scheme.
3. Former chancellor @philiphammond sums up perfectly in a separate statement on tax of what 20yrs of inaction by @HMRCgovuk signalled to people. Also remember these schemes were never illegal. How his attitude changed to suit his own agenda in respect of #LoanCharge
