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City solicitors respond to reform of loans to participators rules

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The City of London Law Society would like to see the tax charge under the loans to participators rules replaced with a charge arrived at on a similar basis, but levied at the dividend rate. The society’s Revenue Law Committee would not support any of the options proposed in HMRC’s current consultation on the reform of the loans to participators rules.

Issue: 1182
Categories: News , Corporate taxes