motion text |
That this House notes that there are victims of fraud, resulting from the mis-selling
of investment schemes and pensions, who are being aggressively pursued by HM Revenue
and Customs (HMRC) for tax liabilities resulting from that fraud; further notes that
whilst those perpetrating the fraud have made huge amounts, the victims have not made
much, if any, financial gain and in most cases have actually lost funds, with some
being very large sums; notes that as a result of HMRC's unfair pursuit of these victims,
they are facing huge tax bills and are facing potential bankruptcy and homelessness;
notes that HMRC is pursuing the victims and in many cases are not pursuing or even
properly investigating the perpetrators of the fraud who have deliberately abused
the tax system; and calls on the Government to amend legislation to introduce a tax
exemption for victims of fraud in respect of tax liabilities that have arisen as a
result of the fraud and to create an independent specialist task force to investigate
how victims of fraud and mis-selling are being treated under tax avoidance and pensions
legislation by HMRC and who should rightfully be responsible for the stolen tax.
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