You may not have much sympathy when you hear about people forced to repay huge sums to HMRC, or facing bankruptcy, because of the "loan charge". But remember:
- under the rules at the time, it was tax avoidance (legal) not evasion (illegal) - that has been changed retroactively.
- A lot of miss-selling went on. Taxation is a complex affair at the best of times, and huge numbers of firms were offering to set up these kinds of arrangements. It's inevitable that some cut corners in explaining the ramifications to their customers.
Anyway, just thought I'd bring it up, because this won't get a lot of mainstream coverage with Brexit shouting "Look at me! Look at me!" all day every day.
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