29 May - Tax issues regarding loans and dividends: What you need to know
Event summary
This session covers the Section 455 tax rules on overdrawn loans to participators, the connected party late interest rules, the requirement to complete Forms CT61 on interest paid on loans to a company and the employment taxes benefit in kind rules on loans to employees.
Our tax experts also explore the key issues on the process you need to follow for declaring dividends lawfully as well as the necessary documentation required.
Key themes and topics
- Corporation Tax Section 455 rules
- Connected party loan interest rules
- Form CT61 obligations
- Employment taxes benefit in kind rules on loans to employees
- Declaring dividends lawfully
(Duration 1 hour and 4 minutes. Originally recorded on 29 May 2024)
Who are the speakers?
(Please note that views and opinions expressed by speakers at ICAS webinars are their own and not necessarily reflective of ICAS’ views.)
- Hosted by David Menzies CA, Director of Practice, ICAS
- Chris Campbell BA (Hons) CA CTA ATT, Head of Tax (Tax Practice and Owner Managed Business Taxes)
- Justine Riccomini MSc FFTA AIPA Chartered MCIPD ChFCIPP, Head of Tax (Employment and Devolved Taxes)
Who’s this for?
- Members interested in tax
- Non-members interested in tax
- ICAS students
Counts as CPD activity
Depending upon your individual role and training and development needs, watching this webinar can count towards your annual Continuing Professional Development (CPD) requirement.
