Support for an amendment that creates a Loan Charge Cap, as per clause NC31

Support for an amendment that creates a Loan Charge Cap, as per clause NC31

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Shaun Taylor started this petition to Boris Johnson (Prime Minister) and

So far Government Policy and HMRC actions that flow from the retrospective law change around Contractor Loans have resulted in at least 7 preventable suicides and are predicted to cause more as the pace of enforcement continues.

Last night (1st July 2020) Three Finance Bill amendments on Loan Charge 2019 and four on IR35 were last night not moved or were defeated by the government, paving the way for each to bite from September 2020 and April 2021.

Chief among them was NC31, aimed at restricting the loan charge to cases where the taxpayer knew the loan was taxable, and Amendment 20, designed to delay IR35 reform to 2023-24. But NC31 was not voted on as it was not moved thanks to Labour largely abstaining, despite party leader Sir Keir Starmer receiving a pledge of suicide from a Loan Charge contractor just a few hours before the debate.

This petition seeks to request Parliament to give a hearing to these amendments on the grounds that by not passing them further preventable loss of life is inevitable.

This issue is not about tax avoidance, its about normal people having a retrospective change in the law causing them to loose everything, for some this includes the loss of life itself.

 

 

 

 

0 have signed. Let’s get to 1,500!
At 1,500 signatures, this petition is more likely to get picked up by local news!