I think that HMRC would disagree with you, Jack. See here:
(I love the headline it makes it seem that HMRC’s opinion is the last word on the topic.)
But even if it’s not interest it is likely to be disguised interest (ITTOIA 2005 s 381A).
I think that HMRC would disagree with you, Jack. See here:
(I love the headline it makes it seem that HMRC’s opinion is the last word on the topic.)
But even if it’s not interest it is likely to be disguised interest (ITTOIA 2005 s 381A).