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Inquiry about loan EBT - IQ Contracts

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    #11
    Originally posted by RJJ85 View Post
    HMRC will consider your loan amount as income and will add to the salary you got already got paid. Based on the total income relevant tax will be applied. They will also apply interest for late payments. In some cases they will apply penalties also.

    Hope this answers your query.
    I’m not quite sure why you guys are answering a 2 year old thread. The OP hasn’t been back since...
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

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