Repaying back loans

[doublebubble]

Apologies if this is in another thread or been previously discussed

Has anyone recd a letter from their tax consultants/advisors/management company asking for a % of their loan agreement to be paid back which proves its a legitimate loan ?

[LondonManc]

Apologies if this is in another thread or been previously discussed

Has anyone recd a letter from their tax consultants/advisors/management company asking for a % of their loan agreement to be paid back which proves its a legitimate loan ?

Rather than their accountant?

[Pondlife]

Wrong sub forum I think? Maybe a mod will move it.

[cojak]

Duly moved.

I remember this being discussed as a theoretical possibility many moons ago, but I can't recall anyone posting that this actually happened.

[doublebubble]

Duly moved.

I remember this being discussed as a theoretical possibility many moons ago, but I can't recall anyone posting that this actually happened.

Thanks for moving to correct thread.

I know someone has recd a request today for 10% of the original loan. Just wondered whether anyone else received a letter and thoughts on this

Thanks in advance

[Dylan]

Thanks for moving to correct thread.

I know someone has recd a request today for 10% of the original loan. Just wondered whether anyone else received a letter and thoughts on this

Thanks in advance

Probably a cunning way to extract more money from desperate contractors

[TheDandy]

It's sure to stop the brown envelopes hitting the mat.

[StrengthInNumbers]

Doubt that. HMRC argument is IT is applicable before you are paying into EBT. So even if u return the loan does not matter - tax experts can correct me or give more details.

[TheDandy]

Doubt that. HMRC argument is IT is applicable before you are paying into EBT. So even if u return the loan does not matter - tax experts can correct me or give more details.

Yes .I doubt it also.

[Emmybeckmann]

I have also received a demand from the EBT trustees for a 10% repayment. They have even offered instalment terms.