Has anyone else received a settlement letter from HMRC stating that, as you have not indicated whether you wish to make full payment within 30 days (i.e. after sending your initial email with loan details), the letter of offer has been prepared based on payment over 24 months?
This includes forward interest, that would not be due if you paid in full.
Am amazed at this - nowhere on HMRC’s website or indeed the confirmation email you receive stating the info they require for settlement, do they say that you need to indicate payment terms. I’ve always assumed that initial settlement would be based on full payment, with an option to apply for settlement in instalments.
I find this a tad sneaky - I.e. opportunity to tempt you into 2 years’ instalments, earning them extra income in the form of forward interest.....
Just to add, there is no option to pay in full - the contract amount is based on 24 months instalments.
This includes forward interest, that would not be due if you paid in full.
Am amazed at this - nowhere on HMRC’s website or indeed the confirmation email you receive stating the info they require for settlement, do they say that you need to indicate payment terms. I’ve always assumed that initial settlement would be based on full payment, with an option to apply for settlement in instalments.
I find this a tad sneaky - I.e. opportunity to tempt you into 2 years’ instalments, earning them extra income in the form of forward interest.....
Just to add, there is no option to pay in full - the contract amount is based on 24 months instalments.
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