Skip to content
Solved

CTM40165 | Particular bodies: credit unions: taxation of members

From HM Revenue & Customs · Company Taxation Manual

Payment of share or loan interest

Share or loan interest (including dividends) is normally paid or credited to the shareholders (members) in a credit union without deduction of tax – ITA07/S887 (1). It is chargeable on the shareholders as interest, ITTOIA05/S379.