I’m wondering if the BBL IS TO BE INCLUDED ON VAT quarterly returns and end of year tax
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Depends for WHAT PURPOSES YOU PLAN to use the loan. And yes, that does MAKE THE RULES stupid.
What you should do is pay Stamp Duty on the loan, then negatively capitalise it with a CR balance under fixed assets, then depreciate it (DR Accumulated Depreciation, CR Where Its Due) over the number of years you expect to live. Then subject it to Window Tax and a tithe to the Catholic Church.