Post by littleoldlady on Apr 25, 2017 10:14:05 GMT
I notice that there is no item on Lendy's tax statement for losses. Of course they have not actually had one yet and could always revise the format if they needed to. However other platforms eg FS and Abl, have included the full amount of loans in distress as potential losses. This offers lenders a cash flow advantage. They can reduce this year's tax liability by the full amount of the loan, although they will have to treat any recovery in the following year as income.
Of course if a lender is prepared to risk submitting a return which differs from Lendy's report to HMRC they can do it themselves but I prefer to avoid attracting their attention.
Even if Lendy want to maintain thefiction illusion pretense aspiration that there will never be a loss then they have missed a trick by not including the item with a zero figure.
Of course if a lender is prepared to risk submitting a return which differs from Lendy's report to HMRC they can do it themselves but I prefer to avoid attracting their attention.
Even if Lendy want to maintain the
