Interest on Company Money
Simon Gray | 3rd April 2008
With the increase in CT rates and decrease in income tax rates from 5th April, 2008 there is in effect a 1% 'penalty' (rising to 2% in 2009/10)where surplus funds are held by the company rather than in your own name. To save this 1% tax, extract as much cash as possible from your company and invest it in your own name. The most straightforward and tax efficient way to do this is via a dividend
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