Commentary

E1.409 Interest—registered society payments

Personal and employment tax

E1.409 Interest—registered society payments

E1.409 Interest—registered society payments

Any payment to a shareholder of a registered society (D7.625) or a UK agriculture or fishing co-operative(D7.636), by reference to his shareholding, in the form of a dividend, bonus or other sum is treated as a payment of interest1.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial