Submitted on Tuesday 26th August 2014
Published on Tuesday 26th August 2014
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 4
Prohibit Retrospective Taxation in the UK
Make UK Tax laws apply ONLY from when they are introduced. UK Citizens should only pay tax based on current laws, not worry about HMRC changing laws in the future and issuing tax demands for the past. Stop HMRC from changing the tax laws retrospectively.
Section 58 of the UK Finance Act allowed HMRC to introduce back dated taxes based on existing laws that were changed and applied in the past. This makes previously law abiding citizens tax evaders and has been widely criticised by accountants, the law society, civil liberties groups and other interested parties. This behaviour is illegal in many countries including Russia and Iran.
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