Hi all,
Last year I received the generic loan charge letter. I was with an umbrella company for a year where I was getting paid part loan (direct from employer)/part salary. Having spoken to WTT consulting they advised me to write to HMRC stating that I believe this does not apply to me as at the time of taking loan payments from my former umbrella company, these were not loans from a 3rd party. The loans were paid direct from the employer on commercial terms.
I have disclosed my loans via the GOV website but have not included them in my self-assessment tax return for the reason above.
I was just curious to see if anyone had done the same as me and received a response back from HMRC?
Cheers
Danny
Last year I received the generic loan charge letter. I was with an umbrella company for a year where I was getting paid part loan (direct from employer)/part salary. Having spoken to WTT consulting they advised me to write to HMRC stating that I believe this does not apply to me as at the time of taking loan payments from my former umbrella company, these were not loans from a 3rd party. The loans were paid direct from the employer on commercial terms.
I have disclosed my loans via the GOV website but have not included them in my self-assessment tax return for the reason above.
I was just curious to see if anyone had done the same as me and received a response back from HMRC?
Cheers
Danny
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