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Director`s Loan Amount

Posted Fri, 16 Feb 2024 12:09:11 GMT by
Hello I need to ask whether I need to pay a tax on the overdraw amount of £10,000 or less than the Director`s loan amount.
HMRC Admin 32 Response
Posted Tue, 20 Feb 2024 14:07:59 GMT by HMRC Admin 32 Response
Hi,

Guidance on the tax implications where a director's loan account is overdrawn is provided at:  

Director's loans: If you owe your company money

Thank you.

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