Loan Charge Impact
@lc_impact
Independent account highlighting the true impact of the government's #LoanCharge policy to Loan Charge victims and their families.
ID: 1143651482362945537
25-06-2019 22:45:36
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#LoanCharge & #TaxpayerFairness APPG member Angus MacDonald has tabled Early Day Motion 1579 on Loan Charge & settlement terms offered to large companies & individuals. Ask your MP to sign it! 📝⬇️ There must be a #LoanChargeInquiry #LoanChargeScandal edm.parliament.uk/early-day-moti…
My life feels like it's on hold as I without knowing how much more I may be liable for as a result of the Loan Charge means I cannot feel secure Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
I've also sent HMRC copied of my due diligence emails to them before joining the scheme and again once new legislation was introduced. Both times, they confirmed the legitimacy of the scheme... Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
I was contacted by no less than 17 umbrella companies in my first week all offering 80-85% take home, simple payroll solutions without the hassle of running a company I was mis-sold these schemes as legally and tax compliant Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
At my lowest point I suffered many months of thoughts of suicide ideation and became emotionally repressed. My physical health also suffered and I stopped taking care of myself As a result of this I have been diagnosed with depression Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
I questioned the provider of the contract (Bedouin) and was assured it was all HMRC compliant, however I did not expect the new legislation to be backdated, which seems unconstitutional and unfair in many ways Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
I still have nightmares regarding the entire situation and have been traumatised by the fact that a law can be invoked in 2017… that can go back 20 years – so sad that this situation has been allowed to happen Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
Everyone in these schemes were not breaking the law at the time and we wrongly advised. The law was changed to enable HMRC to seek the employee instead of the employer for recovery of monies ...contemplated suicide a few times Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
I am constantly worrying – I have a terminally ill wife and two young sons to support. I have no idea how much they will try to claw back... I worry that this will all be taken away as soon as HMRC issue their demands Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
They nearly destroyed me and my family, leaving us with no options...financial hardship I considered taking my own life at several points due to the ongoing stress and impact, but managed to find help through long term medication Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
Am in process of appealing with support from new Accountant company. My original accountants, Ad Valorum, put me onto the schemes It amounts to me being asked to pay my earnings for 4 years Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
I have always paid my taxes & went into this having done due diligence & was informed it was within the laws...pointed out it wasn't I left this scheme immediately, this should not be a 'retrospective charge', totaly, totally wrong Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
Got put on suicide watch by my wife due to depression Sick to read the result of the FOI and the inactions Still living in fear of more demands of tax and IHT Still a major impact on my well being on a daily basis Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
HMRC obviously moved the proverbial goal posts... ...devised to be punitive, cover up HMRC inactivity – basically a hatchet job to meet an internal agenda by any means & at any cost! Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
Considerable long term stress – now over 8 years with unpayable APNs which I cannot resolve, plus long term harassment from HMRC Breakup and divorce, as a direct result of the long term stress Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
How is it right to retrospectively apply punitive legislation in ways which individuals could not be expected to foresee or prepare for? Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
HMRC ignored all settlement communications from me. They agreed complaints on this. HMRC know my income is much lower than before and I have long asked them to make settlement affordable. They refused to do so Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal
My mental health has gone downhill, and I no longer work (there's no point if HMRC is going to take everything I own anyway) I have contemplated suicide many times, and lost any interest in life to be honest Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal #LoanChargeSuicide
This whole debacle has had a catastrophic effect on my life and family, my physical and mental health. The uncertainty of 'not knowing' if - or when - this will ever be concluded hangs over me like the sword of Damocles Loan Charge Action Group [LCAG] Loan Charge & Taxpayer Fairness APPG #LoanChargeScandal