We can help with the completion of form CT61 to claim the return of Income Tax, interest, alternative finance payments, manufactured payments from abroad and tax on relevant distributions.
When a limited company pays interest to a lender it is required to deduct tax from this payment unless the lender has permission to receive the sum gross. All of the major clearing Banks have this authority but directors and private individuals do not.
The reason for the deduction is to give the recipient a tax credit to set against the liability due on the money if they are a
As a leading firm of Chartered Accountants in Essex, Lambert Chapman LLP
The CT61Z form is required on a quarterly basis for months ended March, June, September and December with an extra form needed if the
I was recently asked to run a training session for a local charity regarding common accounting issues and, whilst preparing for this, I was surprised to discover the number of sets of financial statements submitted to the Charity Commission that they deem to be...
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