matt
Posts: 16 
Likes: 7
|
Post by matt on Feb 6, 2018 11:59:13 GMT
I see the wording on the on screen and printed reports is still slightly different which got picked up by HMRC in some correspondence I had with them (after I had to alter my Tax return figures which Andrew helped sort out). Worth adding to the list to change sometime. AFTER CLICKING ON "PRINT CURRENT STATEMENT" Loans put into recoveries in the period 6th April 2016 to 5th April 2017 ON SCREEN Loans put into recoveries in the period 6th April 2015 to 5th April 2017 The wording is not just different, it is in fact wrong. The wording on the screen tax report is: However, upon downloading the CSV report and checking the figures, it is clear the total is actually for the period 6th April 2016 to 5th April 2017 The figures for the printed report have a similar error, the wording is: However, again this is wrong, the total is actually for the period 6th April 2015 to 5th April 2017. All in all very confusing. I contacted Assetz Capital customer services after making this post and they have replied to say a fix has now been put in place.
|
|
matt
Posts: 16
Likes: 7
|
Post by matt on Feb 13, 2018 18:16:08 GMT
stuartassetzcapital , why is that AC include any new lender incentive payment (eg. from the Love Money / MoneySupermarket cashback offers) on the Tax Statement as " Other Declarable Income"? Every other P2P platform I know of works on the basis that such a payment, made by the platform and not linked to specific loans, is simply an "incentive to lend" and so not liable to tax under HMRC guidance. The word "Declarable" implies that AC believes such a payment should be declared to HMRC; is that the case, or might the heading be changed to "Other Income" instead? If you check your tax statement you should see that the word "declarable" has been removed. Assetz Capital customer services have also confirmed by email that they do not consider cashback to be declarable.
|
|
