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Bounce back loans and tax return
bluesmile10
Posts: 1 Newbie
My partner set up his own business in July 2019 in the travel industry. He is currently trying to apply for a bounce back loan with Starling but they are requesting a tax return. However the govt have allowed a delay on tax return until October so he hasn’t done one yet, however the bank are still asking for it. Is there any way to resolve this as he would have had over £100,000 of turnover had coronavirus not put pay to that. Any help appreciated
0
Comments
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Easiest thing would complete the tax return and get it sent.
Just because the deadline says you can do it later that doesn't mean you have to.
Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
However the govt have allowed a delay on tax return until October so he hasn’t done one yet,
All accountants are working as normal now. So, no reason to delay it until then.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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