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Did you read the article? They are forced to pay retroactively. It's like if the government raised income tax rates and tried to collect the difference for the
by cft 10y ago
Did you read the article? They are forced to pay retroactively. It's like if the government raised income tax rates and tried to collect the difference for the last 12 years from your taxes. Would you like that?
- d_t_w 10y agoIT Contractors in the UK right now are facing demands to pay retroactively for tax stretching back over a decade in some cases that they purposefully avoided at the time using a scheme called EBT (or, being paid in loans by a trust because loans aren't taxed). They had advice at the time that these schemes were legit (though every adviser would deliver that with a wink), any adult human must have known there was a large risk HMRC would disagree eventually (just as Apple knew they were running a risk), and now they face demands to pay the tax they failed to pay in the first place. Are they the victims? Certainly they will tell you so. Sympathy I have for them? Nil.