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
Replies (1)
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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!