The Loan Charge Scandal – a system built on kickbacks

[cryptobro]

Two new parliamentarian-backed reports and Sky News interviews reveal how recruitment agencies and umbrella companies profited from coercing contractors into disguised remuneration schemes, leaving devastation across the UK’s flexible workforce.

Agencies reportedly demanded £30k–£45k upfront fees and £12–£15 per timesheet commissions to push contractors into non-compliant umbrella firms. Many workers never knew — until HMRC pursued them years later for “unpaid” tax.

“It’s nothing short of a pickpocketing racket,” said Dave Chaplin, CEO of ContractorCalculator.

[kelson10]

Corruption always hides behind complexity. Time for real transparency.

[alex10]

When systems reward kickbacks over ethics, reform isn’t optional — it’s overdue. ️