Ex-employee has an outstanding loan, which the company decides to write off some months later.
I believe the sum will be taxable under s62 ITEPA and also charged to Class 1 NICs.
Presumably the sum should be grossed up and put through the payroll or should the sum written off be recorded on a P11d for tax purposes?
Thanks for any comments
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Some guidance
found here: https://www.gov.uk/expenses-and-benefits-loans-provided-to-employees/what-to-report-and-pay
might be of use: "You always have to report and pay on loans to employees that you write off, whether or not they are classed as beneficial loans"