Loan BIK - what threshold is applied to go to actual

Loan BIK - what threshold is applied to go to...

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Hi, can anyone tell me please what formula is used by HMRC to determine, from the opening and closing balance and maximum amount overdrawn, at what point they become interested in replacing the average basis of BIK calculation with actual daily calc?

With kind regards

Clint Westwood

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By JCresswellTax
27th Jul 2015 12:58

In all my years calculating loans

I have never had HMRC interested in changing to an actual basis.

And I have dealt with some pretty big loans!

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