BH1 Accounting

Understanding the concept of Section 455 tax

455 tax, London accounting firm

If you hold shares or voting rights in a company, you may be classified as a ‘participator.’ When a participator (or their associate) owes money to a close company, Section 455 tax, along with corporate tax on company profits, may be applicable. Let’s delve deeper into what a participator is, the definition of a close […]