What are S455 tax rates?

Harrow, London North West, GB Check with seller

6 months ago 28 hits ID #87766


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.