HMRCsick retweeted
Yet more tax punishment against the self employed. This Labour government measure has the potential for HMRC to demand tax payments before the self employed have been paid by clients or customers for their work.
The hidden tax measure in the Budget is huge for people paying tax under self-assessment - sole traders, partners, landlords, retired investors.
For 6th April 2028-29, you currently pay 50% of your income tax late in the tax year in question (in January 2029), 50% just after the year end (in July 2029) with any make-up payment in January 2030.
Under the new proposals you will pay your tax perhaps monthly or quarterly (TBC) from April 2029 onwards. A rough analysis suggests the impact is to draw about 50% of your tax bill forward, a huge cashflow boost to HMRC and a significant funding issue for the self-employed.
The Treasury recognises this, and expects to raise £1.3bn of additional tax in 29/30 as a result of this change.
The cashflow impact of the accelerated charge will send some businesses to the wall.
HMRCsick retweeted
Imagine my surprise.
#TaxPayerBillOfRights
#LoanChargeScandal
HMRCsick retweeted
The changes to self-assessment taxation exemplify a system that's run for the convenience of the Treasury/HMRC, not the self-employed, sole traders and small businesses. That has to change.
HMRCsick retweeted
Labour wants HMRC, who responsible for at least 11 #LoanChargeSuicides from retrospective #LoanChargeScandal, to have powers to take money direct from bank accounts.
What could possibly go wrong?
HMRCsick retweeted
Frozen thresholds. The £100,000 trap. IR35, dividend tax and umbrella company rules.
That is what contractors are raising before John Healey stands up for his first Budget today.
ContractorUK is following along live, with what each announcement means for contractors.
contractoruk.com/autumn-budg…
HMRCsick retweeted
Great to see that my local MP @SarahGreenLD attended this talk. It's imperative that oversight of @HMRCgovuk is drastically overhauled. It's equally critical that we see some momentum behind a #TaxpayerBillOfRights to protect taxpayers from tyranny @loanchargeAPPG @taxwatch
HMRCsick retweeted
#HMRC are, and have been for some time, completely out of control.
Whether it’s the #LoanChargeScandal, #IR35, or snooping into wealthy people’s lives, their overreach is totally unchecked by Government.
HMRCsick retweeted
Just posted my account of the Loan Charge and Tax Payer Fairness APPG on the 20th of October over on Linkedin lnkd.in/p/eSaD6WVd
Here I am with my MP Sarah Green one of a number who attended @SueFlood52
@GabrielleO61890
@TaxJusticeUK
@taxwatch @oliver_wright @loanchargeAPPG
HMRCsick retweeted
#loanchargescandal victims are very familiar with the type of phrasing used by their nudge unit in their 'friendly letters.
If I have any advice, I'd suggest never volunteering information to HMRC unless you are legally obliged to do so.
#loancharge #loanchargesuicides
HMRCsick retweeted
This letter could have been drafted much better. It could have clearly set out that it was a fully voluntary arrangement. It could have confirmed that lack of compliance does not increase the chance of enquiry, but it is likely to reduce the severity and depth as HMRC would be more familiar with your situation.
It could have explained the positive steps HMRC is taking to improve taxpayers' experience when enquiries do arise.
But instead the choices made by the draftsman imply a sword of Damocles-style "comply or else" situation.
That's bad for our tax system, and an opportunity missed.
thetimes.com/money/tax/artic…
HMRCsick retweeted
To everyone who has sent me kind messages and wished me well following my collapse after giving evidence to the Loan Charge APPG on behalf of pension fraud victims, thank you from the bottom of my heart.
Your kindness means more than words can say. I remain determined to fight for justice, recognition and accountability for victims who have lost so much through no fault of their own.
Our voices must be heard, our suffering must be acknowledged, and victims must never be forgotten.
Thank you for your support, your courage and your solidarity. ❤️
Sue Flood
HMRCsick retweeted
"Fail to pay", according to whom? Loan Charge victims already know that HMRC cannot be trusted to tell the truth. This is a dangerous tool in the hand of an out of control organisation that hasn't passed an audit for 20+ years.
#loanchargescandal #loancharge #loanchargesuicides
HMRCsick retweeted
xitter.gq/loanchargeAPPG/status/… 🔥😟BREAKING NEWS - So sad to learn that @SueFlood52, who was a fellow guest speaker at the Loan Charge and Taxpayer Fairness APPG in Westminster on Tuesday 20 October, collapsed in hospital at 2am the following morning. Sue is a victim of the @ArkScandal and when she made her presentation to the APPG, the pain and strain in her voice was so evident to every one of us in the room. But she soldiered on to complete her testimony, and her submission will be available on the APPG website. @jeffprestridge @journomadeleine @taxwatch @loanchargeAPPG @ChristianJMay @deboraharthurs @CDP1882 @TaxJusticeUK
Today we have an APPG meeting ‘#TaxpayerFairness: Evidence related to #HMRC unfair treatment of taxpayers’ on with several shocking cases.
We look forward to hearing from @TheRising_Moon @GabrielleO61890 @SueFlood52 @margaretsnowdon
2-3pm room 391 PCH
HMRCsick retweeted
Loan Charge victims tried to warn the general public about HMRC overreach and using retrospective legislation (with no right of appeal) to hide their blushes, now they're coming for your bank accounts.
What will it take for the citizens to tell them to GTF?!
#loanchargescandal
HMRCsick retweeted
The Hillsborough Law was supposed to hold public officials accountable for deliberately misleading the public!
Only … MPs and peers have EXCLUDED themselves from the new law when acting as public officials!
So the people who made the law have ensured the law doesn’t apply to them. Only to the little people. So what’s the point of it?
HMRCsick retweeted
Government ministers: yes. MPs: nope. Peers: nope.
The Prime Minister is covered. Backbench MPs and peers aren't.
Help me change it before it becomes law: share this.
HMRCsick retweeted
To everyone who has sent me kind messages and wished me well following my collapse after giving evidence to the Loan Charge APPG on behalf of pension fraud victims, thank you from the bottom of my heart.
Your kindness means more than words can say. I remain determined to fight for justice, recognition and accountability for victims who have lost so much through no fault of their own.
Our voices must be heard, our suffering must be acknowledged, and victims must never be forgotten.
Thank you for your support, your courage and your solidarity. ❤️
Sue Flood @loanchargeAPPG @GabrielleO61890 @TheRising_Moon @margaretsnowdon @investfraudcom @MissCarlyBarnes
HMRCsick retweeted
A nurse who lies to the public could go to prison. An MP who says the same words won't.
Ministers, police and civil servants are covered. Backbench MPs and peers aren't.
Send this to someone who needs to see it.
HMRCsick retweeted
A message to every member of the House of Lords.
You asked me not to go to the press. I'm doing it anyway, because I'm trying to help you.
If you criminalise lying to the public for everyone apart from yourselves, public trust in Parliament will be decimated.
HMRCsick retweeted
Wishing @SueFlood52 a speedy recovery , thank you for all of your efforts to everyone , Guess the @ArkScandal what it is for all victims of Fraud so stressful at the hands of #HMRC stress can be a killer @GabrielleO61890 @investfraudcom @TransparencyTF
xitter.gq/loanchargeAPPG/status/… 🔥😟BREAKING NEWS - So sad to learn that @SueFlood52, who was a fellow guest speaker at the Loan Charge and Taxpayer Fairness APPG in Westminster on Tuesday 20 October, collapsed in hospital at 2am the following morning. Sue is a victim of the @ArkScandal and when she made her presentation to the APPG, the pain and strain in her voice was so evident to every one of us in the room. But she soldiered on to complete her testimony, and her submission will be available on the APPG website. @jeffprestridge @journomadeleine @taxwatch @loanchargeAPPG @ChristianJMay @deboraharthurs @CDP1882 @TaxJusticeUK