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Where Taxpayers and Advisers Meet

Director's Loan Taxation

Joined:Tue Feb 16, 2021 3:37 pm
Director's Loan Taxation

Postby JohnSmith13 » Tue Feb 16, 2021 3:39 pm

How will a loan of £1500 taken from the company (and not paid back withinn 9 months of YE) by the director be taxed?

Does it need to be included as a Corporataion Tax payabale on the accounts on the year the loan was actually taken?

Note: Director is also shareholder

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