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What are S455 tax rates?

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S455 is a corporation tax which is levied if a Director of the company borrows funds of the company and he/she is incapable to return the value within a particular time period. If a company’s director withdraws some funds from the business as a mortgage, as by the rule, the company will not have to pay any extra tax on it. Read the complete article on DNS Accountants.
Always stay safe! It is safer when you trade locally, you see the goods before paying. Avoid using payment / transfer methods such as Western Union, this is the same as sending cash to someone. See our Trade Safely page for more information on trading safely.
Vidit Agarwal DNS Accountants is an award winning UK based accountancy firm that provides full range of accountancy services, payroll accounting, bookkeeping, self-assessment tax return, year-end accounting service to contractors/freelancer/sole trader and private limited companies across the UK. Posting for 4+ years

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