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"The contractors, most of whom work in IT or healthcare, claim they were duped into believing that the schemes — which typically involve an employer making payments to a trust that then makes an interest-free “loan” to the contractor — were within the law."
Well guys and girls.
If you read the comments after the article I am afraid it will show you what we are up against.
Basically we are shafted, and the public seem to like it.
Well guys and girls.
If you read the comments after the article I am afraid it will show you what we are up against.
Basically we are shafted, and the public seem to like it.
I agree but bare in mind that people who bother to comment are normally a/affected in some way or b/the sort of person who likes to jump on a moral platform at any given opportunity. On the whole I wouldn’t lose sleep over what some keyboard warrior has to say. The vast majority of intelligent people, if faced with the facts, would recognise the unfairness of retrospective taxation.
Given that HMRC must treat everyone equally we can look forward to getting similarly favourable terms for all 100,000 of those caught in Hector's retrospective changes.
God you're right. Normally my maths is good but obviously my brain was having a hard time even believing 21 years.
As I understand it, to get any more than 1 or 2 years TTP would necessitate some really invasive reporting of your assets/financials to HMRC. So unless it's genuine hardship, you would be best placed to pay up within a reasonable timeframe.
As I understand it, to get any more than 1 or 2 years TTP would necessitate some really invasive reporting of your assets/financials to HMRC. So unless it's genuine hardship, you would be best placed to pay up within a reasonable timeframe.
That's quite a jump from 1-2 years to 30+. They've set a precedent that they should be honouring for all those who will be affected by this bogus legislation.
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