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Closed Ban retrospective, retroactive or back dated taxation!

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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

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    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 4 September 2019.