Originally posted by ChimpMaster
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1 - with or without a tax advisor you will have to ring up and get your numbers. If they don't have it on your SA then they will make a calculation to come up with your loan amount. (5 or 6 times your salary) You will need then to prove what the 'real' loan amount was via bank statements or possibly a letter from the trusts. I had this for my APN, they calculated a figure that was higher even though they had my P11d. I also used a advisor and it didn't do me much good as I've found out that HMRC would rather speak with the taxpayer in question. But that's just my view.
2 - THere is no better deal period. As the poster has put above it's a take it or leave it but every time settlement comes out from HMRC the terms get worse.
3 - All they will do is add your loan amount to your tax return and that will calculate the Income tax and NI if applicable. You can do that yourself by using an online salary calculator.
4 - You DON'T need to report your loan on your SA if you have settled. I've checked this so not sure where you get this information from.
5 - Settlement is closure and if you don't like the offer letter then as I did you ask HMRC to change it. All they want is your ££ so I've found them fairly reasonable.
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