Revenue eBrief No. 024/21
08 February 2021
Close companies and loans to participators - update in accordance with the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020
Tax and Duty Manual Part 13-02-03 - Company Charge to Income Tax on Loans to Participators - has been amended to include a reference to non-UK resident companies in the Introduction. This amendment was made due to measures introduced by the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020.