Submitted on Thursday 21st February 2019
Published on Monday 4th March 2019
Current status: Closed
Closed: Wednesday 4th September 2019
Signatures: 3,360
Ban retrospective, retroactive or back dated taxation!
Any form of back dated taxation removes financial security. Once retrospective taxation is the norm no taxpayer can have financial security.
Tax legislation should only ever be prospective; affecting actions from that point. All retrospective, retroactive or backdated taxation must be stopped.
Examples of back dated tax include BN66, the “2019 Loan Charge” and the taxation on off-shore employment in Scottish fishing. The common denominator is inaction by HMRC. More progressive countries have banned back dated tax laws, why haven’t we?
What’s next?
Back dated IR35? ISAs and Pensions – large sums of money declared to HMRC; these savings would be an easy target. Student Loans. Inheritance Tax. Could all be next.
Once retrospective taxation is the norm no one has financial security
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
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