A close company has an additional obligation to notify the Revenue that a loan was chargeable to tax, and in default, it was liable for interest.
Citations:
Ind Summary 01-May-1995, Times 17-Mar-1995
Jurisdiction:
England and Wales
Citing:
Appeal from – Earlspring Properties Ltd v Guest (Inspector of Taxes) ChD 28-May-1993
In computing company’s tax liability excessive pay not deductible. . .
Cited by:
Appealed to – Earlspring Properties Ltd v Guest (Inspector of Taxes) ChD 28-May-1993
In computing company’s tax liability excessive pay not deductible. . .
Lists of cited by and citing cases may be incomplete.
Income Tax, Corporation Tax
Updated: 21 January 2023; Ref: scu.80212
