Pluto Ltd meets the criteria of a "close company" for corporation tax purposes: Ivor, who is a shareholder and director of the company is considered a "participator" in Pluto Ltd. During the...

Calculate the penalty tax liability which will arise in respect to this loan to a participator for the accounting period ended 31 March 2021. Select one: O a. £6,500 O b. E9,100 O. Nil O d. E4,000 "/>
Extracted text: Pluto Ltd meets the criteria of a "close company" for corporation tax purposes: Ivor, who is a shareholder and director of the company is considered a "participator" in Pluto Ltd. During the accounting period ended 31 March 2021, Pluto Ltd lent £28,000 to Ivor. Ivor will repay £8,000 of the loan on 11 December 2021 and he will repay the balance of E20,000 on 29 January 2022. => Calculate the penalty tax liability which will arise in respect to this loan to a participator for the accounting period ended 31 March 2021. Select one: O a. £6,500 O b. E9,100 O. Nil O d. E4,000