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How much tax will I owe?

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    How much tax will I owe?

    I received £103k in ebt loans.
    I was using the scheme for about 15 months.

    Assuming HMRC do rule against ebts, how much tax can I expect to pay?

    #2
    Originally posted by Adecco View Post
    I received £103k in ebt loans.
    I was using the scheme for about 15 months.

    Assuming HMRC do rule against ebts, how much tax can I expect to pay?
    I can give you a rough estimate if you give a breakdown by tax year, and say what PAYE salary you received.

    Eg.

    2009/10 - £50k
    2010/11 - £53k

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      #3
      Originally posted by Adecco View Post
      I received £103k in ebt loans.
      I was using the scheme for about 15 months.

      Assuming HMRC do rule against ebts, how much tax can I expect to pay?
      They already have ruled against them http://www.hmrc.gov.uk/budget-update...tax/wms-aa.pdf
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      Comment


        #4
        Originally posted by LisaContractorUmbrella View Post
        They already have ruled against them http://www.hmrc.gov.uk/budget-update...tax/wms-aa.pdf
        It's worth pointing out that this legislation only applies from December 2010 onwards.

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