Payment on a company loan account – what are the tax considerations?

By |2020-06-15T13:02:29+01:00June 12th, 2020|Commercial Law|

Irrespective that this judgement deals with a transaction between group companies that is now specifically provided for by Section 22(3A) of the VAT Act, it remains that the principles may be applied to transactions between non-group companies or other parties that enter into these types of transactions, or make payments of consideration, on loan account.