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I would urge all MPs to support NC31.
It does NOT clear historical tax debts.
It LETS HMRC exercise their full range of administrative powers (enquiries/assessments) to challenge loan schemes provided (as they mostly did) HMRC took timely action under Taxes Management Act 1970.
It does NOT clear historical tax debts.
It LETS HMRC exercise their full range of administrative powers (enquiries/assessments) to challenge loan schemes provided (as they mostly did) HMRC took timely action under Taxes Management Act 1970.
NC31 LETS taxpayers have their constitutional day in court to pursue whatever arguments they make about their arrangements.
It ALLOWS them to access the full range of statutory safeguards available to all other taxpayers when facing HMRC challenges.
It LETS the Tribunal decide.
It ALLOWS them to access the full range of statutory safeguards available to all other taxpayers when facing HMRC challenges.
It LETS the Tribunal decide.
The loan charge is designed solely to remove those statutory safeguards, in order to cover up decades of HMRC failings.
NC31 REMOVES the inherently unfair loan charge from most taxpayers allowing the protections conferred by statute to have the effects as intended by Parliament.
NC31 REMOVES the inherently unfair loan charge from most taxpayers allowing the protections conferred by statute to have the effects as intended by Parliament.
But, for those taxpayers who knowingly underpaid their taxes, they will STILL FACE the loan charge.
NC31 REINSTATES fairness into the tax system.
A vote for NC31 is a vote for fairness to all.
NC31 REINSTATES fairness into the tax system.
A vote for NC31 is a vote for fairness to all.
