40,000 people to be hit by loan charge

[EBTContractor]

What years?

Will the charge apply to?

[Loan Ranger]

Will the charge apply to?

1999 onwards.

[EBTContractor]

1999 onwards.

When's the cutoff year? As in 1999 - *year*

[Loan Ranger]

When's the cutoff year? As in 1999 - *year*

2019. The charge applies to all outstanding loans on 5/4/19.

[andyc2000]

Stitched up like a kipper

So even if you've paid the APN in full, with no method now to settle, they'll come after you for even more? Or less - I think they told me it wasn't a loan and I/they have no proof it's a loan, so how can the bloody thing be outstanding loan in 2019???

[DotasScandal]

So even if you've paid the APN in full, with no method now to settle, they'll come after you for even more? Or less - I think they told me it wasn't a loan and I/they have no proof it's a loan, so how can the bloody thing be outstanding loan in 2019???

Yes.
First, An APN is merely a payment on account.
Second, If you have years where you received "disguised remuneration loans" (according to HMRC's opinion), DOTAS or not, even if that year is closed to revision due to statutory limits, you will be hit by the "2019 charge".
Third, HMRC have no problems with contradictions when it permits "maximization of the amount of tax collected"

Feeling shafted yet?

[regron]

Yes.
First, An APN is merely a payment on account.
Second, If you have years where you received "disguised remuneration loans" (according to HMRC's opinion), DOTAS or not, even if that year is closed to revision due to statutory limits, you will be hit by the "2019 charge".
Third, HMRC have no problems with contradictions when it permits "maximization of the amount of tax collected"

Feeling shafted yet?

Yep, 2019 charge = how to wipe out enquiries, Discovery Assessments, APN's, FTT's, Judicial Reviews and all due process that comes with them, all in one hit !!!!

[DotasScandal]

Yep, 2019 charge = how to wipe out enquiries, Discovery Assessments, APN's, FTT's, Judicial Reviews and all due process that comes with them, all in one hit !!!!

Yes, that's pretty much the plan. The cover-up of the century and the plunder of the century, all rolled into one.

And whatever side effects, they'll just blame on Brexit of course.

[foobar]

Honest, industrious and value-adding citizens are about to be brutally wiped out by an absolutely selfish few who simply could not care less as they themselves are unaffected. Do we deserve this treatment? You could fight by yourself and be rigorously punished or do we organise ourselves? Clock is ticking - two years will pass rapidly.

[DonkeyRhubarb]

I wonder how many of the 40,000 will only find out about this when the brown envelope arrives after 5/4/19?

Unfortunately most of those 40,000 will be contractors, and we know what it's like mobilising contractors to do anything. (Herding cats)

Most would baulk at throwing say £1000 into a fighting fund, even if they are on the hook for £100,000.

Shame really because tens of thousands x £1000 = fire power!