Reform of close company loans to participator rules - CIOT comments

6 Jul 2017

HMRC are looking at a range of issues in relation to the scheme including whether there should be lower limits on the amounts that can be refunded and whether the scheme should go digital.

Their main target is retailers who use the scheme, companies that handle refund claims and overseas visitors. However, there is scope for other interested parties to make submissions. We would particularly appreciate comments from people who advise small and medium sized retail businesses.

The condoc and CIOT comments are available below in Adobe (PDF) format.

Technical Team 30 September 2013