Revenue eBrief No. 042/19
Company charge to Income Tax on loans to participators
Tax and Duty Manual Part 13-02-03 has been updated to include reference to section 438A of the Taxes Consolidation Act 1997, which extends the charge to Income Tax imposed on a close company by section 438 of the Taxes Consolidation Act 1997.
The Manual also reflects changes to section 438A TCA 1997 made by Finance Act 2018.