Loan Charge

Part of Brunei – in the House of Commons at 12:34 pm on 4th April 2019.

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Photo of Ross Thomson Ross Thomson Conservative, Aberdeen South 12:34 pm, 4th April 2019

Sorry, but I will continue to make progress.

This story is far from unique. More stories emerge every day from people who fear the break-up of their family and a future devoid of opportunities as they face lifelong payments to cover HMRC demands.

Another constituent wrote to me recently about his long work in oil and gas and how he has experienced the highs and lows of the industry for decades, but he told me that HMRC is now demanding nearly £200,000, dating back two decades:

“I am 59 in July this year, I have no assets, I will have 5 or 6 years of working life left, assuming that I get to work, even if I am lucky enough to secure a job for that period, trying to pay that amount of money really is mission impossible.”