皇冠体育app

皇冠体育app rules governing the charge on loans from close companies to, or benefits conferred on, their participators are found at Chapters 3, 3A and 3B of Part 10 Corporation Tax Act 2010 (CTA10). 皇冠体育app purpose of this Loans to Participators regime is to deter companies from making untaxed loans to their participators or allowing them otherwise to extract company funds untaxed, rather than paying wages, dividends or other income chargeable to tax. 皇冠体育app charge is on the close company at a current rate of 33.75% of any amounts outstanding 9 months after the end of the accounting period. 皇冠体育app close company can claim relief for any s455 tax if the loan, other monies or value is repaid to the company.