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Businessman Lambastes HMRC as Loan Charge Deadline Looms – “It’s Going to Cause Suicides”

One businessman who receives regular threats of bailiffs, all for taking part in a loan scheme that was perfectly legal and legitimate is now at his wits end and desperate to bring to the attention of the British public the sheer injustice, immoral and unethical practices of HMRC.

The businessman is one of many who received a loan charge letter from HMRC, demanding income tax and National Insurance contributions that can date back for decades.

His story is shared with others now cornered in the predicament, and as the clock runs dry for people to make voluntary declarations and negotiate payment amounts, their situation has further degraded.

“HMRC have now moved from a place of disorganisation to outright lies, misinformation and a deliberate attempt to back us into a wall,” he says. “Their demands are totally unreasonable, considering people like me followed the letter of the law at the time, and our businesses pumped millions into the economy and employed thousands of people.”

Continuing, “The situation is now dire. It’s crunch time for deadlines and people are losing their homes even though the Government said this wouldn’t happen. Their entire livelihoods are vanishing and I fear the huge mental strain could push some vulnerable people to suicide. The Government will then have blood on their hands.”

The businessman is frustrated with how long HMRC has taken to calculate settlements, with the Government office still making calculation errors right up to the September 30th deadline.

“They are also losing the plot with communications, too,” he adds. “They wrote to me in July asking if they could respond to one of my enquiries via email – but then sent a letter in August, saying I hadn’t responded to their earlier letter. This is barbaric, and the Government needs to step in…now. The loan charges also don’t close the matter, leaving years under enquiry still open.”

Like many others, the businessman knows his only choice to fully end the stress is to pay the settlement amount in full, even if this means he can’t claim any money back.

“I’d have to sign a letter giving away all of my rights to future claims, tax credits and deductions, as well as face the fact that loans will be charged as income and the Government can come back for the inheritance tax. I am openly, publicly calling on the Government to institute changes speedily – because this situation is going to end badly for many. It has the potential to end lives,” he says.

He now hopes to garner media attention in a final attempt to seek immediate government action to put an end to the injustices being caused by HMRC actions.