No, Sir. Income Tax paid by a company in respect of directors' or employés'remuneration is regarded for Income Tax purposes as additional remuneration of the director or employé and is assessed as such. In effect, therefore, the tax is paid out of the director's or employé's income for Income Tax purposes and unless the personal allowances to which the director or employé is entitled have already been taken into account they can properly be claimed by way of repayment.