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do you remember when the public were
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told that 35,000 children were estimated
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to move from private schools to state
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schools when you were being told about
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the VAT on private school fees well what
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if in fact internal memos suggested that
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those numbers were a lot higher and that
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the public were not told this
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information would you think that that
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was dishonest of the government to tell
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you that well this is what happens when
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cases go to court because we have a
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thing called disclosure where all the
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information all the documents anything
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that is either supportive of your case
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or goes against your case you have to
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disclose in court so that's what's
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happened here there's an official memo
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internally that suggests in fact 54,000
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children were estimated to move from the
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private sector to the state sector and
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against those same estimates that would
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mean that this whole policy makes no
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money at all so welcome back to Black
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Belt Secrets you've probably recognized
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that I'm somewhere else i'm actually in
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China but let's have a discussion about
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this because this is really serious so
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this case going on in the high court has
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revealed lots more information and it
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seems that Treasury official memos
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estimated and advised the chancellor of
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a number of things one that there was an
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estimated 54,000 children due to move
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within the first two years alone and
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that alone on their own estimates would
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mean that they make zero money because
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on these estimates if 10% of the
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children in the private sector moved
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that would mean that the net revenue
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from this whole policy is zero um so
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they told the public a different figure
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obviously because they wanted the public
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to believe that actually this was going
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to make money so they told the public
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something different they told you that
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around 30 to 35,000 would move and that
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was um just an acceptable number an
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acceptable collateral damage to the
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private sector not only that they were
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also advised that this should be done at
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a later stage to avoid the disruption
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and in fact there was an estimate that
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moving in in January moving this policy
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in in January was going to be the
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maximum disruption to private education
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and that's exactly what they did now so
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many other policies have been forecasted
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to come in in a year or two years or
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even by the end of the parliament or
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even by the end of the second term if
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they believe they'll get a second term
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but why did this have to come in
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immediately halfway through an academic
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year in my personal view that is because
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this is a spiteful policy that's all it
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was ever intended to be and judging on
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previous videos and uh memos and things
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that we've seen it's my view that it is
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done deliberately to attack the private
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education sector and I think that is
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disingenuous i personally think that is
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dishonest if these figures are true and
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that proves that this is very much a
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spiteful policy so looking back at what
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they officially estimated to the public
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they said that within the first year or
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so there'd be a few thousand and then
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within the next couple of years up to
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20,000 and long-term they estimated a
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maximum of about 35,000 students however
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during the court hearings they've
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estimated on this internal memo that
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actually about 54,000 children would be
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likely to move within the first two
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years alone and that on their own
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estimation would mean that they make
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zero net revenue at the cost of the
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disruption of the education of all of
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these children and it's not the only
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time that the Treasury and HMRC get
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things wrong i have a number of examples
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both in personal and professional life
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where these things go badly wrong and
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you might recall a video that I did on
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whether or not HMRC can just put their
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hand into your bank account and take the
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money if they believe you owe tax well
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as it happens just after I did that
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video I had another personal example to
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tell you which I'll tell you in just a
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moment don't go away just aside for a
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quick story quite an alarming story
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actually yesterday I received an email
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from a company that had set up a new
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account in the name of a former employee
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of mine now he hasn't worked for me for
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over 10 years but what they've done is
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they've taken his details used a generic
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company email address and set up an
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account and then started emailing it
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telling him that he's eligible for
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certain uh credit cards and things like
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that which obviously raised alarm bells
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because they've got enough of his
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information to start setting up credit
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searches and things like that which I
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thought was quite horrendous given that
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this guy had not worked for me for over
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10 years but this was a genuine email
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from a genuine company and I thought
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that's quite horrendous that they've
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still got those details even though he
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hasn't worked for me for over 10 years
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and this is one of the things that
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happens with identity theft when these
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companies have your information because
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it's sold on again and again and that is
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why I partner with a company on my
00:04:55
channel called Incogn because incogn is
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a service that is set up specifically to
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target these data brokers and
00:05:02
marketeteers that collect all your
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information together and sell it onto
00:05:06
other parties like the one that sent
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this email yesterday having set up an
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account in this guy's name and I haven't
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even spoken to him for over 10 years now
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but Incogn will request and require
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using UK law and US law that these
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companies remove your data from their
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servers it works off an email address
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and your details and they must remove
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your data from their servers else they
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are in breach of law and if they fail to
00:05:30
remove that data after your request then
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there is potentially a good claim
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against them incogn does all the work
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for you you get access to a dashboard
00:05:38
and it gives you information on how many
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companies have confirmed that they've
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got your data and that they are removing
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it or in the process of removing it you
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will be alarmed as to how many companies
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have your data and confirm that they are
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removing it if you did this yourself
00:05:51
even if you knew who to go to it would
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take you hours but Incogn does all of
00:05:54
the work for you and as a partner to my
00:05:56
channel you can get a great discount
00:05:57
using the code black belt secrets with
00:06:00
the link in the description below and on
00:06:01
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00:06:04
plan and of course a 30-day money back
00:06:06
guarantee but when you see on the
00:06:07
dashboard how many companies confirm
00:06:09
that they've got your data and they're
00:06:11
in the process of removing it you'll be
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alarmed and relieved at the same time so
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don't forget the code black belt secrets
00:06:17
for a 60% discount the links in the
00:06:19
description below and just watch how
00:06:21
many companies confirm it because this
00:06:23
was a very real story quite an alarming
00:06:25
story this guy hasn't worked for me for
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over 10 years and they're setting up
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accounts in his name and it's coming to
00:06:29
a generic email address because they
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obviously want to make sure that someone
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sees the email quite alarming but check
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it out don't forget the discount code
00:06:37
black belt secrets the links in the
00:06:39
description and you'll be relieved when
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you see how many companies remove your
00:06:42
data so back to my personal story now I
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told you in my previous video that HMRC
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now are planning to reignite this uh
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originally conservative scheme of direct
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recovery if they believe you owe tax uh
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just a brief recap on that so long as
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you have at least £5,000 across your
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accounts you owe at least £1,000 in tax
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their direct recovery scheme is that
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they can just take your money from your
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account and they don't need to do
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anything else for it as against to go to
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court for an order or a freezing order
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or a third party debt order any of those
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things which I explained in my previous
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video um but also they are now seeking
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direct information from banking
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institutions about you and your savings
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where you've got your money saved and
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all of that sort of stuff so they want
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all of this information they want it
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directly and so essentially they can spy
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on you so they they know what you have
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and where you have it now my problem
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with them having the ability to just
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reach into your bank account and take
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the money is that they can and they do
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get things wrong and I'll give you an
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example because no sooner I published
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that video we had our own example
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because we had an email from our
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accountant to say that uh we had well
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they'd received a letter from HMRC to
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say that they were going to charge us
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interest on unpaid tax now this is not
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the only time this has happened um we
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didn't have any unpaid tax just to make
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that clear but this is not the only time
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this has happened this has happened at
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least two or three times you see we are
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always quite efficient uh we have
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multiple companies and obviously we are
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self assessed for tax and everything
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else and we are very efficient with that
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we pay things not just on time but ahead
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of any deadlines and we pay it all in
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full straight away uh we we are never
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late or anything like that and more than
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a couple of times now we've had
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HMRC misallocate as in we've paid the
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tax but they've allocated it to the
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wrong year they've allocated it to the
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previous year on the assumption their
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words not mine on the assumption that
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this was a late payment for the previous
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year even though we'd already paid the
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previous year so that didn't make sense
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anyway but they assumed that it was a
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late payment and so therefore they added
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penalties at least on that occasion they
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added penalties and interest um all of
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which disappeared because they'd got it
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wrong now just a day or two ago they did
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exactly the same thing again they added
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interest they sent a letter they said
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that it was going to charge us interest
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and again they'd misallocated the
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payment they'd assumed that it was wrong
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um just a quick conversation with the
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accountant cleared it up actually it had
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been paid there's nothing wrong with it
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um so they've canceled the interest but
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that's my problem with this you see if
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they believed that we'd not paid the tax
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and therefore they levied interest
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against the tax that they believed that
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we hadn't paid which was wrong because
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we had paid it if they believe that that
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was unpaid and this direct recovery
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scheme is in force and they just reach
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into the bank account and take the money
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then they're taking the money when they
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are mistaken now you might then say well
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if they can communicate and get all of
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the details and they know whether we
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have the savings and everything else
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that doesn't stop them getting it wrong
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because they had the payment from the
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previous year already so this is without
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them getting additional information from
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the bank to say that there's savings in
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the account that is without them having
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the ability to just take the money that
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they believe that they are owed
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mistakenly from the account and the
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penalties and interest and anything else
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that they might then want to take as
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well so very realistically based on our
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own experience just from a couple of
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days ago and from a couple of years ago
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whenever it was at least more once or
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twice before we've had this situation
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where they've believed that the money
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was not paid and so they've sent us a
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notice a notice that we were going to be
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fined and we were going to pay interest
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because they believed that we hadn't
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paid it when we had so it's just flatout
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wrong so they get these things wrong
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sometimes and so my problem with them
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having that level of power is that they
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can just take the money and actually
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they are mistaken but what if then that
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takes away all of the money that you've
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got to run your business or if it's in
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your personal life and it makes you
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struggle financially and you have to go
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through lots of hoops to convince them
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that it was paid it's a mistake it's
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their mistake they need to put it right
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how is that fair well it isn't fair
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frankly as a lawyer that's not fair
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whenever we go to court for an order to
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freeze money or a charging order which
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is to freeze property or a third party
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debt order which is to order a bank to
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freeze money and then pay it over to a
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judgment creditor we go through all of
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these steps and processes to convince
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the court that we've been through all
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the steps we have to go through all
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these processes to convince the court
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that the person is not going to be left
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severely destitute because of this order
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so that is my problem with HMRC having
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that level of power so let me know what
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you think about that in the comment
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section below let me know what you think
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about the VAT on school fees below
