HMRC - "your offer to settle"

[DealorNoDeal]

Loan Charge doesn't resolve underlying tax issues ie open enquiries is a joke.

The open enquries are due to loans. The Loan Charge is due to loans.

The LC has a dec 2010 cut off, so should the open enquires

Whether enquiries were open or not is/was a lottery - people are being penalised on a random basis depending if the incompetents at HMRC**ts could be bothered to open an enquiry or not.

Instead of dealing with an enquiry and giving a decision within a reasonable time frame they did f**k all and just opened more enquiries. If the c**ts had come back within 3 months saying STOP I wouldn't be in the f**king mess I am in now.

To have enquiries open and hanging over your head for over 15 years is immoral

*** end of rant ***

Can't argue with much of that. The LC was hatched because "they did f**k all" for umpteen years.

If HMRC were put in charge of mucking out a herd of elephants they'd leave it until they had a mountain of shyte to clear up. I wonder what the equivalent of the LC would be for a mountain of elephant shyte?

[demby]

Loan Charge doesn't resolve underlying tax issues ie open enquiries is a joke.

The open enquries are due to loans. The Loan Charge is due to loans.

The LC has a dec 2010 cut off, so should the open enquires

Whether enquiries were open or not is/was a lottery - people are being penalised on a random basis depending if the incompetents at HMRC**ts could be bothered to open an enquiry or not.

Instead of dealing with an enquiry and giving a decision within a reasonable time frame they did f**k all and just opened more enquiries. If the c**ts had come back within 3 months saying STOP I wouldn't be in the f**king mess I am in now.

To have enquiries open and hanging over your head for over 15 years is immoral

*** end of rant ***

[DealorNoDeal]

The difference now is you don't have to settle those years, you can challenge them.

It also buys you a lot* more time than if you were facing the LC cliff edge.

*at the speed HMRC go, it could be years

[dammit chloe]

But it hasn't if they are still going to pursue open enquiries pre December 2010

"The figures in Table 1 still include any protected years before 9 December 2010. This is because the tax position for these years still needs to be resolved"

I don't know how many times it has been repeated that removing the Loan Charge doesn't resolve underlying tax issues ie open enquiries but it's a lot. So please, if you don't know this then you weren't paying attention. The Morse Report only ever addressed the Loan Charge.

The difference now is you don't have to settle those years, you can challenge them.

[DealorNoDeal]

But it hasn't if they are still going to pursue open enquiries pre December 2010

Loan charge and open enquiries are separate issues. The loan charge even clobbered closed years.

[demby]

Not exactly true. It's taken a huge number of people out of scope of the loan charge, which is a pretty big achievement by LCAG et al.

But it hasn't if they are still going to pursue open enquiries pre December 2010

"The figures in Table 1 still include any protected years before 9 December 2010. This is because the tax position for these years still needs to be resolved"

[DealorNoDeal]

So the December 2010 cut off means absolutely nothing

Not exactly true. It's taken a huge number of people out of scope of the loan charge, which is a pretty big achievement by LCAG et al.

[Fred Bloggs]

My advice is don't hold your breath. UK Government debt is about to reach post World War II proportions. They will be pushing for every penny they can raise over the forthcoming few years.

[demby]

Just received a letter for HMRC which seems to say that the Loan Charge review was a complete whitewash

"The figures in Table 1 still include any protected years before 9 December 2010, This is because the tax position for these years still needs to be resolved"

So the December 2010 cut off means absolutely nothing

The time-bomb is still ticking. You would have thought after 14 years the battery would have gone flat by now

The review stated that all loans before the cut off are now out of scope. This should mean that all pre Dec 2010 enquiries should be closed and APNs refunded