Quote:
Originally Posted by TazMaN
What kind of loan is it now (and what was it before)?
And why would Bolshie have had to "pay it back"?
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Bit of confusion here. The new scheme is based on loans. The old scheme was not.
The loan Bolshie is talking about was part of MontP's fee (4%) which was only payable if HMRC did not challenge an SA return.
HMRC didn't catch everyone initially and some people got their returns opened retrospectively beyond the Jan 31 deadline, by which time MontP had already called in the loan. These people are naturally a bit pissed that they had to pay the whole fee to MontP even though they are now under investigation.
MontP have agreed to refund the 4% if they lose the case.