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Suicides and the Loan Charge: Split from HMRC enquiries
It is not for other people to decide what someone else worries about as the human mind is subject to (retrospective) law or logic.
I remember these schemes just about being around when i started up in 2008 but they never passed the smell test. However they were quite mature by then so although I like to think I would never have gone near one, who knows what I might have done had I started up a few years earlier?
All of the above said chasing people a couple of decades after the event where their personal circumstances might have entirely changed isn't on.
The only practical way to slow down these “schemes” is to retrospectively whack them - this was long coming, all those endless court fights had to result in a brutal retro action, the’ve asked for it and they’ve got it - should be grateful it’s not treated as criminal tax evasion, which it is what those “schemes” really are - all those infamous “QCs” should have been doing time in jail until year 2040, alongside with promoters and users.
I remember these schemes just about being around when i started up in 2008 but they never passed the smell test. However they were quite mature by then so although I like to think I would never have gone near one, who knows what I might have done had I started up a few years earlier
I started contracting a couple of years before IR35 came, and joined one of the early schemes because it seemed like a safer bet (doh!) than carrying on outside.
By 2008, the Government had already fired the first salvo of retro. I couldn't for the life of me understand why the schemes really took off then. To me, it seemed obvious that the writing was on the wall.
It beggars belief that schemes are still going now.
Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.
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