Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

HMRC slammed in Parliament for Loan Charge and its “frightening” parallels with Horizon scandal

by January 19, 2024
January 19, 2024
HMRC slammed in Parliament for Loan Charge and its “frightening” parallels with Horizon scandal

A cross-party group of MPs have slammed HMRC over its tactics and approach to enforcing the Loan Charge and said it drew “frightening” parallels with the Post Office Horizon scandal.

The Loan Charge was introduced to recover taxes from workers who operated arrangements that paid income often in the form of loans, which advertised themselves as compliant, claiming very little or no tax was due on them. These arrangements have since been deemed tax avoidance schemes, and HMRC has aggressively pursued tens of thousands of contractors who operated this way for taxes on income earned – dating back as far as 1999.

With ten suicides linked to the policy, calls for justice over the Loan Charge have swiftly followed the government’s promises to exonerate victims of the Post Office Horizon scandal. During the debate, MPs from across the board called for greater transparency at HMRC, greater regulation to protect workers, and an end to the charge.

Commenting on the debate, Seb Maley, CEO of Qdos – a tax insurance provider and IR35 specialist – said: “MPs from across the board are right to draw comparisons between the Horizon and Loan Charge scandals. There’s a gross injustice here, and there are questions over the way HMRC has conducted itself – acting, as others have highlighted, as judge, jury and executioner.

“And of course, there’s the irony that IR35 and IR35 reform have been major catalysts for these sorts of arrangements. Many contractors were only caught up in the Loan Charge because they were advised at the time that these arrangements were compliant. But rather than holding the promoters of these schemes to account, HMRC has pursued the victims.

“The retrospective nature of the Loan Charge and HMRC’s conduct has rightly attracted criticism across the political spectrum. But until the government gets serious about tackling the promoters of tax avoidance, it’s unlikely that the victims of the Loan Charge will see justice.”

Read more:
HMRC slammed in Parliament for Loan Charge and its “frightening” parallels with Horizon scandal

0
FacebookTwitterGoogle +Pinterest
previous post
Sainsbury’s to wind down bank as it focuses on food
next post
Trump sits down with Fox News’ Sean Hannity in New Hampshire, days before the first-in-the-nation primary

You may also like

6 Important things to include in your Website

September 22, 2023

FCA to investigate the treatment of PEPs by...

September 6, 2023

The IOD calls for Sunak to introduce Inflation...

March 7, 2023

Retail giants ‘face £600m bill’ as new business...

June 16, 2025

My Imposter Self and Me

March 22, 2024

When is it the Right Time to Ask...

April 30, 2024

Google for Startups unveils the 10 Black-led UK...

June 12, 2023

ICO issues warning over smart devices harvesting personal...

September 8, 2023

UK businesses put the brakes on hiring

November 28, 2022

Google accused of making it harder to search...

April 26, 2024

6 Important things to include in your Website

September 22, 2023

FCA to investigate the treatment of PEPs by...

September 6, 2023

The IOD calls for Sunak to introduce Inflation...

March 7, 2023

Retail giants ‘face £600m bill’ as new business...

June 16, 2025

My Imposter Self and Me

March 22, 2024

When is it the Right Time to Ask...

April 30, 2024

Google for Startups unveils the 10 Black-led UK...

June 12, 2023

ICO issues warning over smart devices harvesting personal...

September 8, 2023

UK businesses put the brakes on hiring

November 28, 2022

Google accused of making it harder to search...

April 26, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Data Security Posture Management – The Next Big Data Solution Your Business Needs (And How to Get Started)

      July 7, 2025
    • Bondi under siege after DOJ reveals no Epstein client list

      July 7, 2025
    • Over 158 million Americans voted in 2024 as Trump reclaimed the White House

      July 7, 2025
    • US ends terrorist designation of Syrian militant leaders

      July 7, 2025
    • Haitian Immigrants Have a Low Incarceration Rate

      July 7, 2025
    • Sen. Steve Daines says regime change is the best long-term plan in Iran

      July 7, 2025

    Categories

    • Business (8,410)
    • Investing (2,105)
    • Politics (15,957)
    • Stocks (3,192)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved