Annex A provides an interesting summary of the history of these schemes, emphasising the expansion to contractor loans in about 2004 (previously said to be 2005/06).
25/33
More acknowledgement of HMRC’s delays (particularly pre-2009)
26/33
And here we see why the position WAS NOT CLEAR after the 2011 changes.
27/33
Annex B deals with settlement terms
28/33
Annex C summarises how HMRC publicised their views.
A lack of any clear communication with the taxpayers involved until 2014 (when just 11000 taxpayers were written to).
29/33
Annex D on taxpayer safeguards
30/33
Annex D continued
31/33
Annex E shows that the majority of people affected are indeed contractors.
32/33
Annex F shows the pro-HMRC feedback gleaned from media outlets (rather than the criticism levelled against the loan charge policy).
33/33
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.