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Posted Wed, 31 Jan 2024 15:09:33 GMT by Kalpesh Patel
If interest is charged to the company and the interest is credited to the directors loan account so not physically paid into the bank account does 20% tax need to be deducted?
Posted Fri, 02 Feb 2024 15:37:34 GMT by HMRC Admin 25 Response
Hi Kalpesh Patel,
Please see the below guidance:
Notes on completing your CT61 Return
If you require further advice on this matter, please seek professional help through a financial advisor or accountant.
Thank you. 

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