On 31 August 2017 , a close company provides one of its shareholders with a holiday costing
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On 31 August 2017 , a close company provides one of its shareholders with a holiday costing £3,600. This is charged as an expense in the company's income statement for the year to 31 March 2018. The shareholder concerned is not a director or employee of the company. Explain the tax treatment of this item.
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The 3600 is disallowed in the companys tax co...View the full answer
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