This Special Report provides you with ready-to-apply solutions to deal with the tricky loan account rules. Up to date with recent changes, it will help you legitimately reduce your tax bill.
In plain English, it explains how to manage loan account transactions in the most tax-efficient ways. It covers:
Loan-related tax charges
What the different tax charges are
When the s.455 charge applies to companies
When the benefit in kind charge applies to directors
What "conferring a benefit" on a participator means
Reporting to HMRC
When you need to tell HMRC about the loan
How to report loan account transactions
How to account for s.455 tax
Avoiding the tax charges
How and when to repay or clear a loan
What the repayment options are
Optimising your tax-planning strategy
Changes on the horizon
Transactions between directors and their companies have always been a prime target for HMRC. And the rules have become increasingly complicated in recent years, making tax charges difficult to avoid. This Special Report offers you a series of legitimate ways to avoid tax. It's outstanding value for money.
Who's it for?
Company directors, their accountants, bookkeepers and tax advisors.