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Latest HMRC 2019 loan charge propaganda

Shttps://www.tax.org.uk/sites/default/files/Loan%20charge%20briefing%20pack.pdf

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From page 16:

"Since April 2016, more than 20 individuals have been convicted for offences relating to the promotion and marketing of tax avoidance schemes. They have received over 100 years of custodial sentences, with an additional seven years of suspended sentences ordered."

https://www.tax.org.uk/sites/default/files/Loan%20charge%20briefing%20pa...

That is basically a total lie. No-one has ever gone to prison re tax avoidance schemes (nor even been criminally charged). They mean tax fraud/tax evasion, which is nothing to do with this loan charge.

 

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By gordo
25th Mar 2019 13:46

HMRC sought more powers (Loan Charge). They didn't need those powers as they already had sufficient powers but the Loan Charge was expedient. It gave them a victory without the need to litigate and met the objectives given to them which was to 'maximise revenues'. Everything since from HMRC has been a cover up

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Nichola Ross Martin
By Nichola Ross Martin
25th Mar 2019 14:15

I would not think that it is a lie, we know that investigations are continuing, there is this link
https://www.theyworkforyou.com/wrans/?id=2018-10-15.179147.h
and I do know of some other cases, so maybe they have got to 20.

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Replying to Nichola Ross Martin:
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By Justin Bryant
25th Mar 2019 15:16

You, Mel Stride (see extract below) & HMRC are confusing tax fraud/evasion with tax avoidance (which, as with EBT loan planning, is not a criminal activity and never has been):

"Promoters of tax avoidance schemes have been prosecuted, leading to convictions and jail terms for example:

•In 2016 four men were found guilty of promoting and operating a fraudulent tax avoidance scheme, to defraud taxpayers out of £100 million.

•In 2017 a chartered accountant was sentenced to eight years in prison for setting up and promoting a number of fraudulent schemes to wealthy professionals."

I assume, unlike HMRC, you are not doing so deliberately!

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Replying to Nichola Ross Martin:
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By Justin Bryant
05th Apr 2019 09:21

Page 2 of the letter in the link below confirms my above view:
http://www.loanchargeappg.co.uk/wp-content/uploads/2019/04/2019_04_02-Le...

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By gordo
25th Mar 2019 16:08

The Financial Reporter Sam Meadows has just written on social media
"You shouldn't have to put in an FoI to determine the accuracy of statements to the press..."

https://www.whatdotheyknow.com/request/553089/response/1336224/attach/2/...

I quote:

" None of the convictions referred to ....were therefore for offences directly related to arrangements that will be subject to the 2019 (DR) Loan Charge"

I already said everything now coming out from HMRC, HMT and Mel Stride is a cover up.

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