A shareholder who is not a director but is a participator under HMRC rules has received a loan from the company which was outstanding at the year end and therefore has to be included on CT600A. Does the note in the full accounts, under Related Party Transactions need to refer to to him as a Participator, or just "Mr X, a shareholder who is a related party. . ." or some such?
01st May 2011 17:27