Loan Charge Impact
@LC_Impact
Independent account highlighting the true impact of the government's #LoanCharge policy to Loan Charge victims and their families.
Recent @loanchargeAPPG tweets highlighted heartbreaking impact of #LoanCharge on lives. Victims are crying out for an end to this nightmare, who is listening? #LoanChargeScandal
“My mental health has suffered greatly & I am seen as a vulnerable person by #HMRC. My wife, who has suffered 3 strokes, is at her wits end & I fear that this could cause another stroke or worse. As I'm 72 in August & have a cancer diagnosis, no one knows how long I have left”
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 @LCAG_2019 @loanchargeAPPG #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 @LCAG_2019 @loanchargeAPPG #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 @LCAG_2019 @loanchargeAPPG #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 @LCAG_2019 @loanchargeAPPG #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 @LCAG_2019 @loanchargeAPPG #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 @LCAG_2019 @loanchargeAPPG #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 @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
#LoanCharge & #TaxpayerFairness APPG member @angusmacdlibdem 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…
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 @LCAG_2019 @loanchargeAPPG #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... @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
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 @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
Read the Sky News story on Account's behaviour here: news.sky.com/story/accounta…
In 2012, I was advised by my ICAEW/CIOT registered chartered accountants, Tax Advisers and Company Auditors to invest in legal (at that time) QC approved tax planning schemes @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
I am desperate for full & final closure to this issue but don't believe that there is any way to achieve that other than to falsify my declaration that I have failed to uphold my statutory obligations and waive right of appeal @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
In 2012, I was advised by my ICAEW/CIOT registered chartered accountants, Tax Advisers and Company Auditors to invest in legal (at that time) QC approved tax planning schemes @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
I have written to my MP numerous times, and only ever receive back standard templated letters written by HMRC or HMT, the contents of which can be argued and disputed. It’s a very frustrating situation @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
stress & worry of losing our home & her business is affecting my wife's mental health, her depression & panic attacks have returned in a big way...she had to go in to a hospital unit for over 8 weeks, as she was going to kill herself @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
The 2019 Loan Charge has made me somehow automatically guilty of something, but at the same time denying me the opportunity to defend myself in court from such charges. The burden of this weighs heavily @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
I am on medication for depression - I constantly worry about this Loan Charge - there is no way I can ever pay it back I go to bed and wish that I didn't wake up in the morning @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
HMRC knew full well about AML plc before I joined the umbrella, I asked if this was a legal and compliant way to get paid, and HMRC okayed it I suffered with anxiety, terrible insomnia, even suicidal thoughts @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
I also now suffer with Insomnia and have constant thoughts of what will happen when I can’t pay what HMRC are demanding - is £1540.00 pcm for 82 months, which far exceeds my total monthly income of £1100.00 pcm It's a living nightmare @LCAG_2019 @loanchargeAPPG #LoanChargeScandal
