DR - thanks for the info.
Can I ask what kind of loan it is now in the new scheme?
Is the loan ever repaid, or does it always remain as a BIK on the Tax Return?
A loan that is never repaid is definately going to be seen as taxable income by HMRC.
I'm quite keen to understand why MP believe this new scheme will hold up against HMRC, seeing as HMRC have the amazing ability to travel back in time now. Also, MP are now on the radar and will always be watched.
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