Director's Loans

Discover the latest information on dealing with director’s loans and the section 455 charge for 2020/21, read more below.

Dealing with directors’ loans For accounting purposes, cash transactions between a director and a personal or family company are recorded through the director’s account. At the end of an accounting period, if the director owes the company money (i.e. the account is considered overdrawn), and the company is close (broadly, one that is controlled by …

Discover the latest information on dealing with director’s loans and the section 455 charge for 2020/21, read more below. Read More »