CT61

[Zee_18]

Hello,

I was wondering if anyone could shine some light on if i need to apply for ct-61 form?

We're a new company, we don't have any loans, or pay any royalties or anything of that nature. Would i need to opt in for the ct-61 form?

Thank you

 

[Scalloway]

Are you going to pay interest, royalties, alternative finance payments, manufactured payments, relevant distributions or any similar recurring payment, which you must make after deducting Income Tax at the basic rate?

 

[Zee_18]

Are you going to pay interest, royalties, alternative finance payments, manufactured payments, relevant distributions or any similar recurring payment, which you must make after deducting Income Tax at the basic rate?

Nope i won't be doing any of the above. My company is a distribution company not sure if that will effect it

 

[Scalloway]

Then I think you can forget about it. In my 40 or so years in the accountancy profession I only had to deal with one company that needed one.