Skip to Content
author's profile photo Former Member
Former Member

Loans shared by two employees

HI All,

I am working on UK payroll.I have a scenario where in one loan(mortgage) has been shared by two employees.I would like to know how do we create IT 45 record.



Add a comment
10|10000 characters needed characters exceeded

Related questions

1 Answer

  • Posted on Dec 08, 2011 at 03:02 PM

    I am guessing that will have to be treated as two loans - one each to eavh of the employees who is sharing. I am assuming that each employee willl have a fixed repayment schedule that needs to be recovered from the payroll.

    As a matter of interest why are these two employees sharing a loan - are they part of the same family?

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.