The Red Book wording para 2.42 indicates the increased s455 tax rate of 32.5% will apply to new loans or benefits conferred after 5 April 2016. Blimey!
Do we advise clients to borrow today at lower company tax cost and is this going to trigger an adviser's nightmare dating owner director drawings?
Will there be split rates on CT600As? Do we advise some clients to end an accounting period 31 March 2016 to be sure of the 25% rate?