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.