21 years time to pay

[Loan Ranger]

https://www.thetimes.co.uk/article/t...ands-s3ghxr0q7

Person claims HMRC have given them until 2049 to pay @ £500/month.

[phil@pmtc]

https://www.thetimes.co.uk/article/t...ands-s3ghxr0q7

Person claims HMRC have given them until 2049 to pay @ £500/month.

I know this case, it’s real.

[Loan Ranger]

I know this case, it’s real.

Meanwhile HMRC refuses to give most people more than 2 years with crippling payments of £thousands/month.

[LOL17]

21 years time to pay

I like how the article reports,

"The contractors, most of whom work in IT or healthcare, claim they were duped into believing that the schemes — which typically involve an employer making payments to a trust that then makes an interest-free “loan” to the contractor — were within the law."

They were within the law....at the time.

[me206et]

Well guys and girls.
If you read the comments after the article I am afraid it will show you what we are up against.
Basically we are shafted, and the public seem to like it.

[phil@pmtc]

Well guys and girls.
If you read the comments after the article I am afraid it will show you what we are up against.
Basically we are shafted, and the public seem to like it.

I agree but bare in mind that people who bother to comment are normally a/affected in some way or b/the sort of person who likes to jump on a moral platform at any given opportunity. On the whole I wouldn’t lose sleep over what some keyboard warrior has to say. The vast majority of intelligent people, if faced with the facts, would recognise the unfairness of retrospective taxation.

[MyxALot]

*31 years

Given that HMRC must treat everyone equally we can look forward to getting similarly favourable terms for all 100,000 of those caught in Hector's retrospective changes.

[Loan Ranger]

*31 years

God you're right. Normally my maths is good but obviously my brain was having a hard time even believing 21 years.

[ChimpMaster]

God you're right. Normally my maths is good but obviously my brain was having a hard time even believing 21 years.

As I understand it, to get any more than 1 or 2 years TTP would necessitate some really invasive reporting of your assets/financials to HMRC. So unless it's genuine hardship, you would be best placed to pay up within a reasonable timeframe.

[MyxALot]

As I understand it, to get any more than 1 or 2 years TTP would necessitate some really invasive reporting of your assets/financials to HMRC. So unless it's genuine hardship, you would be best placed to pay up within a reasonable timeframe.

That's quite a jump from 1-2 years to 30+. They've set a precedent that they should be honouring for all those who will be affected by this bogus legislation.

10 years TTP should be the absolute minimum.