Settlement figure expense question

[Delendog]

Which is wrong

if you have 10% expenses it not just the loan value that should be taken into account, it's the loan value + salary.
Tell HMRC that expenses aren't just conveniently linked to the value of the loan - it's your entire income for the year

It's despicable that they are only applying this to people who ask

If only this was the only thing that "was wrong".

[demby]

It is applied to the loan values in each year.

Which is wrong

if you have 10% expenses it not just the loan value that should be taken into account, it's the loan value + salary.
Tell HMRC that expenses aren't just conveniently linked to the value of the loan - it's your entire income for the year

It's despicable that they are only applying this to people who ask

[Delendog]

Hi,
I have read few posts mentioning 10% reduction of settlement figure based on expenses.
Is the 10% based on loan amount each year you were in the scheme or is it 10% reduction in the settlement tax figure?
Say.. disguised renumeration scheme was used for 3 years totalling to gross amounts A , B and C. The settlement figure is amount X.
Is the reduction calculated after reducing amount A , B and C by 10% and calculating the tax due on revised amounts ?
Or
Is the 10% reduction of X?

I understand HMRC may not be applying this to everyone but just want to understand the calculation done.
Thanks,
Akira.

It is applied to the loan values in each year.

[akiras]

Hi,
I have read few posts mentioning 10% reduction of settlement figure based on expenses.
Is the 10% based on loan amount each year you were in the scheme or is it 10% reduction in the settlement tax figure?
Say.. disguised renumeration scheme was used for 3 years totalling to gross amounts A , B and C. The settlement figure is amount X.
Is the reduction calculated after reducing amount A , B and C by 10% and calculating the tax due on revised amounts ?
Or
Is the 10% reduction of X?

I understand HMRC may not be applying this to everyone but just want to understand the calculation done.
Thanks,
Akira.