Tips & Advice You & Your Business

Can making a gift to your company trigger a tax bill?

One of our subscribers gave his company £15,000 cash to help it buy new equipment. The local tax inspector argued that it should have been declared as a taxable transaction on the company’s corporation tax return. Is he correct?

Login with your username and password to access this content.

Annual subscription

I'd like to take out an annual subscription for just £356.

Price: £356 + VAT

© Indicator - FL Memo Ltd • Telephone: (01233) 653500 • Fax: (01233) 647100 • •
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ • VAT GB 726 598 394 • Registered in England • Company Registration No. 3599719