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15 November 2022
Still boxed in
Key points
- Pressures leading up to the 30 September deadline to arrange a settlement.
- Delays from HMRC reduced the timescale for discussions to reach an agreement.
- Pot luck as to who managed to settle and who did not.
- Clients who have settled are receiving accelerated payment notices.
- The need to tackle tax avoidance is understandable but at what cost?
Two years have passed since I wrote my previous article highlighting the plight of thousands of individuals affected by the loan charge (‘That “boxed in” feeling’ Taxation 27 August 2020 page 8).
Since then another two people have sadly taken their own life unable to see any other way out. Two more families suffering unimaginable devastation as a result of what is now known as the ‘retro tax’.
Although I cannot even begin to imagine the suffering these families are going through ...
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