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paulo

@greatfloat

venting & learning - mainly about unconstitutional HMRC & Loan Charge

Joined March 2019
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Schrödinger was a taxman. When you open the LC box do you see a loan or remuneration? HMRC see both. I settled on LC. I will not pay IHT. Enough.
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So final decision day today. Settle or fight. 7 open years (I know, never saw the lettters) offer to spread over 7 years. If we sell our home we can pay it. Though still have iht and loan recall worry.
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Normal logic (which underpins our physical reality) says its: A loan OR Remuneration OR A gift. HMRC logic which allows for (convenient) parallel universes says its all three. Probably.
HMRC-Out-of-Control (@HmrcOf) profile pictureHMRC-Out-of-Control@HmrcOf27 May 2020
Replying to @4x4RoadRunner01 @RogSaur @dnlphlptt @nobigfish @HMRCgovuk @Jesse_Norman @LordsEconCom @hmtreasury @bbclaurak @piersmorgan @Jacob_Rees_Mogg @CommonsTreasury @MartinSLewis @paullewismoney @WealdenTories @loanchargeAPPG @Conservatives
It's hard to comprehend really... MAX tax on something that in law is not owed. HUGE IHT charges... (so is it income for a loan?!- HMRC can;t decide in my letters..) So called loans being called back in by promoters. Any point is my entire HARD working life?!?
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Good man Terry, stay strong. Thanks for sharing.
Terry Brooker PT (@Terry_Brooker) profile pictureTerry Brooker PT@Terry_Brooker20 May 2020
Ok, here’s what I’ve learned from dealing with my APNs from 2002/3-2007/8. Hope some of the following might help you....especially if you CANT pay and will end up bankrupt and lose your home anyway and want to fight the injustice of retrospective tax law.
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Settlement letter on doormat today for post 2010 plus IHT and still coming after 2 x prior open years. I stopped when I saw first notification in 2014. Out of work due to IR35 and COVID. Is it just me or anyone else welcome a real (28 days later) pandemic.
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No shame for Tories as they claim economy building whilst the Tory govt destroy the economy building flexible labour market with IR35 and destroy 50,000 law abiding contractors with trumped up loan charge.
Boris Johnson (@BorisJohnson) profile pictureBoris Johnson
@BorisJohnson12 Nov 2019
We can only invest in our great public services if we support the entrepreneurs, businesses and hardworking people who get up each day to build our strong economy.
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Im on tory mailing list. Sajid Javid just warned me Id pay 2.4k tax under labour. Hes looking to avoid that getting tacked on to the £300k he’s already trying to steal from me with trumped up Loan Charge. What a saint.
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HMRC comms strategy on avoidance 😂
Antony Peacock (@AntPeacock) profile pictureAntony Peacock@AntPeacock8 Oct 2019
Replying to @retrotaxvictim @wealthagent
Brings this quote to mind: goodreads.com/quotes/40705-b…
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If I do win the £169M tonight. Im going to live off/ enjoy/ waste about £5m and spend the remaining £164m on disrupting HMRC, defending worthy cases, pursuing individual civil cases against HMRC & Gov officials for corruption and incompetence.
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I doubt there is a single MP responsible for this mess who will have the stomach to face you or the other families bereaved and forever altered by the pernicious retrospective #LoanCharge
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Go @StephenLloydEBN !
StopTheLoanCharge (@loan_charge) profile pictureStopTheLoanCharge@loan_charge22 Sep 2019
Leader of loan charge inquiry 'may have secret channels with HMRC' telegraph.co.uk/tax/income-t…

Leader of loan charge inquiry 'may have secret channels with HMRC'

The independence of a Government-commissioned review into a controversial tax avoidance crackdown has been called into question by an MP who fears the Treasury is trying to “evade robust and real...

telegraph.co.uk
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And the reasons to dislike hammond continue to pile up.
Zac Goldsmith (@ZacGoldsmith) profile pictureZac Goldsmith
@ZacGoldsmith15 Sep 2019
“The idea that Johnson is a hardline right-wing extremist, compared with nice old middle-of-the road Phil, is hilarious to anyone who has studied both men’s careers.” thetimes.co.uk/article/who-a…

Who are you calling an extreme rightwinger, Philip Hammond?

Boris Johnson does not suffer from a shortage of enemies. But in what amounts to a competition to establish which of them hates the prime minister most, Philip Hammond is making all the running....

thetimes.com
Why is David Byers Times article so biaised? Yes some balance but errors & omissions including the #LoanCharge is a fine for ppl who didnt declare use of DR schemes and no mention of retrospective new law. Is Times editorial against us or just him?
Image from paulo (@greatfloat)
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If the loan charge isn’t stopped I will campaign for this instead -and I don’t care who wins. The whole corrupt mess needs a reboot. ARTICLE: Will Brexit Trigger England’s Second Civil War? - Bloomberg apple.news/AWti57SZsSDOrw50z…

Will Brexit Trigger England’s Second Civil War?

A history lesson from the counties scarred by the seventeenth century conflict.

apple.news
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Cant like that! @LCAG_2019 want to know about that
caroline cheasty (@CarolineCheasty) profile picturecaroline cheasty@CarolineCheasty6 Sep 2019
Just spoke to HMRC to ask if my case was now suspended. He said that they have been advised, “its business as usual”. 😩
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He actually believes what hes saying. Doesnt see the logical inconsistency, that he has become that which his greatest hero Adam Smith would have despised.
WrathOfMyBombast 🇺🇦 (@Stephen41792571) profile pictureWrathOfMyBombast 🇺🇦@Stephen417925716 Sep 2019
Listen to this clown. Talking about "the loss of respect for institutions" whilst presiding over and prolonging misery for 10s of thousands of innocent taxpayers whose lives are being destroyed by #2019LoanCharge. It beggars belief. You are complicit @Jesse_Norman
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Yet another reason (on top of her neanderthal views on the #LoanCharge) to doubt Emily Thornberry’s sanity.
Ross Thomson (@RossThomson_Abz) profile pictureRoss Thomson@RossThomson_Abz5 Sep 2019
🙈
Good on you RenKat, well done for pressing your MP - and welcome to the twitter war on #LoanChargeScandal
RenKat (@KatManDuVII) profile pictureRenKat@KatManDuVII5 Sep 2019
Replying to @dace4135 @loanchargeAPPG @HMRCgovuk @BorisJohnson @RuthCadbury @DavidDavisMP @MPIainDS @neill_bob @andreajenkyns @eastantrimmp @StephenLloydEBN @LCAG_2019 @JustineGreening
Agreed. @NickHurdUK my local MP... I as your consistuant humbly request your support for PM @BorisJohnson to suspend #LoanCharge #stoploancharge and ensure the review is fully independent. This ordeal has been the breaking of so many families.
Well done for turning up and taking action.
Tatianna7 (@Tatianna710) profile pictureTatianna7@Tatianna7105 Sep 2019
Loved the #LoanCharge protest yesterday. Thanks to all the great volunteers, the MP’s that supported us. Now it’s down to us to make this slim chance of a review come true. Go #LCAG army
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As HMRC carefully consider the judgement - will it lead to the necessary Damascene conversion, or just more effective scare tactics? Without external oversight I expect the latter.
Claer Barrett (@ClaerB) profile pictureClaer Barrett@ClaerB4 Sep 2019
Another day, another FT front page tax story from @EmmaAgyemang
Image from Claer Barrett (@ClaerB)
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