UK: Opportunity for reimbursement, voluntary income tax re re payments for many employment-related loans.UK Peer to Peer Lender JustUs to start Offering P2P Owner-Occupied household Mortgages in 2021

May 19, 2021 by  
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UK: Opportunity for reimbursement, voluntary income tax re re payments for many employment-related loans.UK Peer to Peer Lender JustUs to start Offering P2P Owner-Occupied household Mortgages in 2021

HM Revenue & Customs (HMRC) will refund certain voluntary taxation payments made on or after 16 March 2016 pertaining to particular employment-related third-party loans. The mortgage cost will maybe not connect with loans advanced level between 1999 and 2010 plus some loans made between December 2010 and April 2016. Companies along with other parties that are relevant possibly claim a reimbursement of every voluntary payments already made.

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Summary

The mortgage fee introduced by the Finance (No 2) Act 2017 enabled HMRC to tax employment-related third-party loans made since April 1999 that stayed outstanding at the time of 5 April 2019, whether or not appropriate time restrictions had expired. Read more