The Loan Charge, a tax policy by HMRC, has caused distress and frustration among individuals in the UK. The victims have faced crippling debt, bankruptcy, and suicides. There are calls for a fairer and more effective approach from the government. The policy has been described as devastating, with HMRC accused of behaving extremely cruelly and misleading Parliament. The situation has been likened to a David and Goliath battle, with HMRC being portrayed as the powerful force against the victims.
Crippling debt. Bankruptcy. Suicides. The Loan Charge has destroyed lives. Today, I took part in the debate on this devastating policy. HMRC has behaved extremely cruelly towards the victims of the Loan Charge. It must stop misleading Parliament and come clean about this mess. https://t.co/vsFHfICeMI
Loan charge victims have faced frustration dealing with HMRC. This long-running issue has caused unbelievable levels of distress for people across the UK & there are striking similarities with the Post Office Horizon Scandal. Govβt must ensure a fairer, more effective approach. https://t.co/66diHm3Jw4
The loan charge scandal is an abuse of power by HMRC. https://t.co/kabvKMpiTt
APPG Co-Chair @gregsmith_uk points out the unfair fact that even with those who settled with #HMRC to avoid the #LoanCharge, they thinking that was the end, yet in some cases HMRC have them come back for more. #LoanChargeScandal #LoanChargeDebate
In the #LoanChargeDebate @dean4watford says that the #LoanCharge is like a #DavidandGoliath battle but that #HMRC has taken Davidβs slingshot away. #LoanChargeScandal