Wednesday 12 June 2019

HMRC Acts as Financial Advisor - Mortgage Your Home To Pay Your Tax


It would appear that HMRC is now acting as a financial advisor and advising people to mortgage their homes to pay their tax.

This is not only unethical, it is illegal.

I trust and assume the FCA will be looking into this?

Tax does have to be taxing.

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8 comments:

  1. The screws turn, targets have to be met. Graphs need look positive.

    The person concerned should contact their local MP and complain. Or, find someone in the House of Lords and contact them.

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  2. Unethical maybe, but illegal, probably not. And as a former member of staff left suicidal & broken by their unlawful misconduct, I would not usually defend these scumbags.

    HMRC have been doing this, on and off (mostly on but stopped briefly during the 'credit crunch') since they brought in external training from The Lidbury Partnership in 2000. Their job is to collect tax, and having established equity in a property, HMRC suggest a remortgage as a way of paying up and avoiding enforcement which could include bankruptcy and loss of current home in any event.

    The decision rests with the taxpayer but it would be interesting to get the FCA's opinion.

    ReplyDelete
  3. Nothing will change until Spreadsheet Phil and his cronies are finally booted out and some sunlight is allowed to shine upon the dark cesspit of naked opportunism and oppression that is the direct creation of HMRC senior "management" who are obsessed with People Metrics and Dashboards over actual real world performance.

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  4. If HMRC can't obey the law with regard to bullying their own staff, why should the public expect them to comply with the law in this regard?

    Obviously the bullying and subsequent career & health damage affects the victims first & foremost, but it undoubtedly plays a part in creating a culture in HMRC where they believe it acceptable to be non-compliant with the law.


    Every taxpayer pays the price of HMRC corruption.

    ReplyDelete
  5. Advancement through the ranks at HMRC is NOT based on merit.

    It is a combination of knowing the right people, favouritism, fear and being in a Regional Centre!

    ReplyDelete
  6. Many people who are really good at their jobs were often overlooked for promotion, as their knowledge loss would have a big impact on the team.But not to worry, the department are happy to.lose their knowledge by making them redundant now.

    ReplyDelete
  7. Those who do...

    ...are expected to do so...

    Those who can't...

    ...are quietly shuffled sideways to a pointless admin role and/or promoted (they can't be sacked so promotion makes the S.E.P. (Someone Elses Problem).

    Unfortunately, promotion tends to give them the idea they're awesomeand deserve further promotions.

    I work for HMRC and I find it genuinely fascinating that it's the useless, window-licking do-nothing of any value morons that think they're destined for greater things.

    It would be funny if these morons weren't getting promoted to 50k+ jobs whilst workers go to food banks.

    ReplyDelete
    Replies
    1. Spot on - giving promotion to the lazy, incompetent, poor performers at HMRC (to remove any expectation of them doing any real work) only encourages these people...and it leads to all sorts of problems from the persistent organisational poor performance to the staff bullying culture...and resulting in staff having to attend food banks through to mental health therapy.

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