Inland Revenue's decision to drop SSAS loans from next April might not go through, says Cadde, the I...
Inland Revenue's decision to drop SSAS loans from next April might not go through, says Cadde, the IFA Group, as a rule change suggests the Revenue has softened its approach. In its response to the Inland Revenue's Update 143: 'Loans made by SSAS', Paul Cadde, managing director for Cadde says a distinct change - clarifying existing practice - concerning the repayment terms for SPSS seems to undermine their decision last December to drop SSAS loans from April 2004. Cadde says he wonders why the Inland Revenue would bother to clarify the practice regarding such loans if their intent...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes