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Posted Fri, 25 Nov 2022 12:36:47 GMT by Evexx XX
Good afternoon I would like to ask about directors loan, is it possible to repay liabilities arising from a possible loan when the director is not in PAYE and when the company is in closing process? Thank you in advance.
Posted Fri, 02 Dec 2022 16:49:46 GMT by HMRC Admin 20
Hi Evexx XX,

Unfortunately, we cannot provide a precise reply to this question, becasue a Director's Loan account is unique to each Director and all the facts relating to the loan are required.
Please refer to our web page Director's loans
or you can write to us with the facts of your case to allow us to provide an accurate response.
You can write to us at  
Corporation Tax Services
H M Revenue & Customs      
BX9 1AX              
United Kingdom

Thank you.

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