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Post Info TOPIC: Director's Loan Taxation


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Director's Loan Taxation


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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Already discussed and answered in full at great length on Aweb

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https://www.accountingweb.co.uk/any-answers/how-will-a-directors-loan-be-taxed



-- Edited by Maat on Tuesday 16th of February 2021 03:58:43 PM

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JohnSmith13 wrote:

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

Opening post clearly a C&P job.

Something else at play here?

Was a spell of C&P jobbies happening on Aweb. Picking up from posts on Aweb and dumping them again on Aweb, latter part of 2020. Some older posts plus some within a day or two.



-- Edited by Maat on Tuesday 16th of February 2021 04:00:01 PM

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