It's saddening to hear that a number of suicides have been linked to the taxation policy.
The tax demands will damage the livelihoods of thousands of the self-employed, who are the bedrock of the UK's workforce, contributing £275bn to the economy in 2018. This especially comes at a time when the country has just instilled a new Cabinet and is on the brink of a no deal Brexit.
It's nonsensical to maliciously penalise self-employed workers and force repayments on up to 20 years of income in one year. Workers innocently used schemes by companies who they believed were helping manage their taxation, with no cautions from HMRC at the time.
The crackdown will potentially affect more than 50,000 UK freelancers and the self-employed for as much as hundreds of thousands of pounds. It will also send the wrong message to workers up and down the country who are fairly contributing to taxes currently, as to when the government may suddenly alter the rules.
The Prime Minister promised an independent review and previously signed a letter to delay the Loan Charge, but HMRC is still pursuing the tax hunt. We urge the government to rethink its stance and immediately suspend the backdated charge.