From Adam Smith Institute :
“It is quickly becoming obvious that the rule of law does not apply to UK taxation any more. Already, schemes under which people arrange their affairs in ‘tax efficient’ ways that are perfectly in line with the UK’s (absurdly long and complex) tax code, are being struck down by HMRC, simply because they are arrangements designed to reduce a person’s tax bill. And now, it seems, HMRC can now make up new rules and make them apply to actions that take place even before the rules are put in place.
This is a mediaeval attitude to justice, redolent of the age of Morton’s Fork. That was the ingenious design of John Morton, Archbishop of Canterbury in the 15th century, who argued that a man living modestly must have plenty of money saved and could therefore be taxed, while a man living extravagantly was so obviously rich that he could easily afford to be taxed. (…) “