“ It's a massive amount of pressure. I've sort of kept it to myself. My family don't know about this and I've often thought: 'Is that the right decision?' But I wouldn't want to put them through all this."
John is not his real name but he didn't want to be identified. After all, he has spent more than two years keeping his financial worries hidden from his wife.
He is one of an estimated 50,000 people who have been hit by a controversial tax policy known as the loan charge. As a result, he now owes £180,000 to HMRC.
The pressure of the last two years has been enormous. He told BBC Radio 4's File on 4: "It's really tough. I can't tell you the last time I slept and it's difficult. It's just relentless, with no real end in sight."
This substantial tax bill stems from how John was paid when he worked as a contractor for a number of years.”
“ There's a lot of people who just think I was a tax dodger and that's not the case," says John.
"It was more about the ease. If someone had said to me: 'You can take 90% [of earnings] but it's illegal,' would I have done it? Absolutely not.”
‘I owe GBP180,000 in tax and I haven’t told my wife’ - BBC News
....
John is not his real name but he didn't want to be identified. After all, he has spent more than two years keeping his financial worries hidden from his wife.
He is one of an estimated 50,000 people who have been hit by a controversial tax policy known as the loan charge. As a result, he now owes £180,000 to HMRC.
The pressure of the last two years has been enormous. He told BBC Radio 4's File on 4: "It's really tough. I can't tell you the last time I slept and it's difficult. It's just relentless, with no real end in sight."
This substantial tax bill stems from how John was paid when he worked as a contractor for a number of years.”
“ There's a lot of people who just think I was a tax dodger and that's not the case," says John.
"It was more about the ease. If someone had said to me: 'You can take 90% [of earnings] but it's illegal,' would I have done it? Absolutely not.”
‘I owe GBP180,000 in tax and I haven’t told my wife’ - BBC News
....
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