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The Government has launched another consultation, with the likely intention being to discourage shareholders and director’s loans within small companies and encourage remuneration by increasing salary or dividend. Currently, director’s loans unpaid at the end of the company’s accounting year, attract an additional corporation tax charge equal to 25% of the loan outstanding (unless the
14
March
2013
From April 2013, a phased introduction of Real Time Information (RTI) will see all employers required to submit payroll data to HM Revenue & Customs online on or before payments credit employees’ bank accounts, rather than at payroll year end. HMRC will tell you the date from which your business should submit RTI returns. This