We have a client ( Limited Company) who is entering into commercial arrangement with an offshore trust to borrow money for a development. The company will be paying interest to offshore company as part of the arrangement and I understand the limited company will need to withhold 20% tax from the interest paid and pay to HMRC with CT61.
Can anyone let me know if we should be sending a form to the offshore trust as evidence of the tax deducted ie R185 form. Cant seem to find this out anywhere.
Thanks
Gary