Loan Charge 2 Loan Charge 2
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Thread: Loan Charge 2

  1. #1

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    Default Loan Charge 2

    Here we go. Might be geared towards tackling promoters, but without doubt they will utilise any further legislation to tighten up on the individuals as well i.e. all post 2019 schemes and those which circumnavigated the Loan Charge liability, by utilising another scheme.

    Call for evidence: tackling disguised remuneration tax avoidance - GOV.UK
    STRENGTH - "A river cuts through rock not because of its power, but its persistence"

  2. #2

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    Quote Originally Posted by regron View Post
    Here we go. Might be geared towards tackling promoters, but without doubt they will utilise any further legislation to tighten up on the individuals as well i.e. all post 2019 schemes and those which circumnavigated the Loan Charge liability, by utilising another scheme.

    Call for evidence: tackling disguised remuneration tax avoidance - GOV.UK
    who reads that ? The average person on the street that ends up using them doesn't. They HMRC need to get not just Tax Advisors or Barristers or Accountants (who probably read page) but a lot more feedback from end users. The problem I have learnt is the people that read and probably contribute are the ones selling the damn schemes. So incestious.

    So as usual lip service from HMRC. when it goes wrong they just target the end users as easy pickings whilst pointing out they instigated some crap review on a little know web page that someone with chronic insomnia wouldn't bother looking for.

    Just regulate the entire thing. Make everyone selling a scheme register and put up insurance and liability so when they bend the rules they are held accountable.

  3. #3

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    Quote Originally Posted by lowpaidworker View Post
    who reads that ? The average person on the street that ends up using them doesn't. They HMRC need to get not just Tax Advisors or Barristers or Accountants (who probably read page) but a lot more feedback from end users. The problem I have learnt is the people that read and probably contribute are the ones selling the damn schemes. So incestious.

    So as usual lip service from HMRC. when it goes wrong they just target the end users as easy pickings whilst pointing out they instigated some crap review on a little know web page that someone with chronic insomnia wouldn't bother looking for.

    Just regulate the entire thing. Make everyone selling a scheme register and put up insurance and liability so when they bend the rules they are held accountable.
    Exactly, which makes you wonder if HMRC play this 'lip service' to their advantage. The quicker they cut the snakes head off, the quicker this part of HMRC's income dries up. By their own admission it brings in billions of revenue, what incentive do they really have to end it all !
    STRENGTH - "A river cuts through rock not because of its power, but its persistence"

  4. #4

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    Quote Originally Posted by regron View Post
    Exactly, which makes you wonder if HMRC play this 'lip service' to their advantage. The quicker they cut the snakes head off, the quicker this part of HMRC's income dries up. By their own admission it brings in billions of revenue, what incentive do they really have to end it all !
    we are of the same thinking, thats for sure. Wonder if any Tax Advisors on here who might contribute to this review care to comment. (please note not all Tax Advisors sell dodgy schemes just seems like bloody most of them)

  5. #5

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    The only way to stop the schemes is to tackle them at source ie. shut down the promoters, enablers. (Same as with the Police and the drugs supply chain; it's pointless going after end users.)

    If I was in Government, I'd look at trying to criminalise the activities of the promoters. The risk of getting banged up would put a stop to them.
    Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

  6. #6

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    If you tackle the problem then how are you going to justify an army of cookie munchers doing nothing?

    The goal of these institutions is to create problems and then work hard to solve them...

  7. #7

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    Quote Originally Posted by elsergiovolador View Post
    If you tackle the problem then how are you going to justify an army of cookie munchers doing nothing?

    The goal of these institutions is to create problems and then make it look like they're working to solve them...
    FTFY

    Although, having said that, HMRC aren't even any good at making it look like they're working.
    Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

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