Close company loans to participators updated for UK withdrawal from EU

Feb 08, 2021

The Tax and Duty Manual Part 13-02-03 – Company Charge to Income Tax on Loans to Participators – is amended to include a reference to non-UK resident companies in the introduction section of the manual. This amendment is on foot of the Withdrawal of the United Kingdom for the European Union (Consequential Provisions) Act 2020.  See eBrief No. 024/21 for further details.