Applying tomorrow’s rules to yesterday’s tax bill

The Sunday Telegraph’s Sam Meadows considers how tax laws are being enforced retrospectively, ruining the lives of people who legitimately believed they were engaging in lawful practice. He focuses on contractors who used employee benefit trusts, which were widely used for much of the 2000s but declared effectively illegal by HMRC in 2010. People are being bankrupted for schemes they declared to the taxman almost 20 years ago and for which they received expert advice. Meadows says: “The Government hasn’t so much moved the goalposts as pulled them from the stadium and set them alight.”

The Sunday Telegraph, Business, Page: 5

Posted 07/10/2018