Originally posted by eek
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I’ve contacted the umbrella company so I can see the loans. I assume I pay tax on the loans rather than the entire loan back. Working it out, I was saving around £60 per week on this scheme so can see why I thought it was legit - how stupid have I been. It’s going to cost me much more.
There were weeks I didn’t work etc so can’t accurately establish the actual amount of the loans.
I actual over paid tax and NI in one of my employments only 2017-2018 so assume this will be deducted from the 2017-2018 tax period when on this loan scheme.
Many many thanks for all the help. I’m shattered and devastated and I can’t imagine what others have and are going through.
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