Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
, see all updates

Particular bodies: credit unions: taxation of members

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.