Repeal retrospective elements of section 58, 2008 Finance Act

Section 58 of the 2008 Finance Act attempted to close a perceived tax avoidance loophole, legitimately used and annually declared to HMRC by thousands of self-employed contractors over the last decade.  However, in a move that is unprecedented in UK Tax history, section 58 then back-dated this legislation under the guise of a 'clarification' to 2002.  The legislation is currently being challenged under the European Human Rights act with a hearing due at the Court of Appeal in November.  I propose that this insidious and pernicious legislation, introduced by the previous Labour government, be repealed immediately for the reasons given below.

Why is this idea important?

Section 58 of the 2008 Finance Act attempted to close a perceived tax avoidance loophole, legitimately used and annually declared to HMRC by thousands of self-employed contractors over the last decade.  However, in a move that is unprecedented in UK Tax history, section 58 then back-dated this legislation under the guise of a 'clarification' to 2002.  The legislation is currently being challenged under the European Human Rights act with a hearing due at the Court of Appeal in November.  I propose that this insidious and pernicious legislation, introduced by the previous Labour government, be repealed immediately for the reasons given below.