Director borrowed £30k from his personal company in June 2018 - previous DLA balance was NIL. The loan was repaid Dec 2018. Final balance at tax year end was NIL.
Moneysoft is not calculating any BIK, whereby I believe that it should be £312. Who's correct?
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Replies (4)
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Have you referred to this guide?
https://moneysoft.co.uk/support/loan-benefits-data-input-calculation/
Ensure that the second, third and fourth boxes are not left blank, as per this guide.
Does that make any difference to the calculation?
Well done for not relying on the software.
I like to know what the answer is before the software works it out for me.
