site Object ( [id] => ukaatoal [siteArray] => Array ( [id] => ukaatoal [name] => Tips & Advice Business Database [url] => businessdatabase.indicator-flm.co.uk [folder] => [query] => nl in ('UKTACDAL','UKTABMAL','UKTAENAL','UKTAHSAL','UKTAITAL','UKTAPSAL','UKTATXAL','UKTAVAAL','UKPPPSAL','UKPPPRAL','UKTPTPAL') [artnl] => nl [cookiedom] => indicator-flm.co.uk [locale] => en_GB.utf-8 [dictionary] => default_english [dzquery] => na [bymailid] => na [csemail] => customer.services@indicator-flm.co.uk [comurl] => www.tipsandadvice-businessdatabase.co.uk [gaid] => 0aecf2e1-89c1-466c-b5e2-c194ac507d5d [edimail] => c.chauca@indicator.es,eleanor.morris@indicator-flm.co.uk,sue.hart@indicator-flm.co.uk [hasdz] => [hasisearch] => [haslib] => 1 [hasdup] => 1 [topinterval] => 60 [bossappend] => [nrofpages] => 08 [enable] => 1 [orderfrom] => orderuk@indicator-flm.co.uk [kt_user] => webservice [kt_password] => paChac4v [folder_id] => 6828 [maintenance] => [commonid] => ukaatoal [thematization] => [dev_url] => aav5test.indicator-flm.co.uk [dev_folder] => [language] => EN [country] => uk [ds] => [solr_query] => UKTACDAL,UKTABMAL,UKTAENAL,UKTAHSAL,UKTAITAL,UKTAPSAL,UKTATXAL,UKTAVAAL,UKPPPSAL,UKPPPRAL,UKTPTPAL [alternative_ids] => Array ( ) ) [ezineArray] => Array ( ) [fcfArray] => Array ( ) [promArray] => Array ( ) [_sitePropArray] => Array ( ) [_siteReplArray] => Array ( ) [addressArray] => Array ( [publishing_director] => Duncan Callow [publishing_director_phone] => 01233 653507 [fax] => (01233) 647100 [registration_number] => 3599719 [email] => subscriptions@indicator-flm.co.uk [commonwebsite] => www.indicator-flm.co.uk [street_house] => Calgarth House [loyalty_mail] => online.support@indicator-flm.co.uk [loyalty_fax] => (01233) 647100 [essentials_template] =>

Indicator - FL Memo Ltd
Tel: (01233) 653500. Fax: (01233) 647100
customer.services@indicator-flm.co.uk
www.indicator-flm.co.uk

Calgarth House
39-41 Bank Street
Ashford, Kent TN23 1DQ

VAT GB 726 598 394
Registered in England
Company Registration No. 3599719

[loyalty_first_name] => Gemma [socialtitle_cp] => [ls_template] =>
Indicator - FL Memo
Telephone: (01233) 653500. Fax: (01233) 647100
customer.services@indicator-flm.co.uk - www.indicator-flm.co.uk
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ
VAT GB 726 598 394. Registered in England. Company Registration No. 3599719
[telephone_number] => (01233) 653500 [lastname_cp] => [city_county] => Kent TN23 1DQ [country] => United Kingdom [website1] => www.indicator-flm.co.uk [loyalty_agent] => Gemma Rump [loyalty_phone] => (01233) 438022 [city] => Ashford [webshop] => http://www.indicator-flm.co.uk [loyalty_time] => <strong>Contact online support for any issues relating to the use of this online solution</strong>, for example logging in, using the search facility, understanding how the resources differ, how to save content, etc. <br /> If you have a <strong>technical question</strong> about <strong>content</strong>, please contact our <strong>dedicated Helpline</strong>.<br /> Mariam, your online support, can be <strong>contacted during normal business hours</strong>: [vat_name] => VAT [vat_value] => GB 726 598 394 [website2] => www.flmemo.co.uk [emailcs] => customer.services@indicator-flm.co.uk [fax_number] => (01233) 647100 [street_number] => 39-41 [street_name] => Bank Street [loyalty_mail_from] => Gemma Rump - Online support [company_name] => Indicator - FL Memo Ltd ) [_contribArray] => Array ( ) [decodeAddresscharacters] => 1 [isDevSite] => ) Certificate of annual interest and tax deducted - Profit extraction - Tips & Advice Business Database
 

Documents for Business

In excess of 1,000 customisable documents covering every conceivable business issue.

Introduction to this document

Certificate of annual interest and tax deducted

If your company pays annual interest to an individual it must deduct income tax first and provide a corresponding certificate.

certificate

Interest is annual if it relates to a debt capable of lasting for a year or more. Where a company pays such interest to an individual, for example, to a director whose loan account is in credit, it must deduct income tax at the basic rate from the payment. The company completes a Form CT61 to notify HMRC of the interest it has paid and the tax deducted each quarter. Where a CT61 is required it must be submitted to HMRC within 14 days of each the quarter ending on 31 March, 30 June, 30 September  and 31 December.

The company should provide the individual with a Certificate of Annual Interest and Tax Deducted. This can be done annually or more frequently, e.g. quarterly, if preferred.