Loan Charge Self Assessment Query Loan Charge Self Assessment Query
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  1. #1

    Nervous Newbie


    Join Date
    May 2020
    Posts
    1

    Default Loan Charge Self Assessment Query

    Hi everyone

    Can't find an answer to this, so thought I'd post this here.

    Having submitting the outstanding loan amount through Self-Assessment, does anybody know - or has this happened to anybody - where HMRC have contacted either your umbrella company (although highly likely, I know) or their UK Front Company (if applicable) to verify the outstanding loan amount?

    It seems unlikely, but just wondered..

  2. #2

    More time posting than coding


    Join Date
    Jul 2018
    Posts
    329

    Default

    Quote Originally Posted by Sean2020 View Post
    Hi everyone

    Can't find an answer to this, so thought I'd post this here.

    Having submitting the outstanding loan amount through Self-Assessment, does anybody know - or has this happened to anybody - where HMRC have contacted either your umbrella company (although highly likely, I know) or their UK Front Company (if applicable) to verify the outstanding loan amount?

    It seems unlikely, but just wondered..
    I believe all the trusts that held the loans had a duty to report them to HMRC last year. I suspect most did ( mine did ), a few maybe didn't.

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