News & Updates

Overdrawn directors’ loan accounts and section 455 tax

Overdrawn directors’ loan accounts and section 455 tax

Overdrawn directors’ loan accounts and section 455 taxJess Brooks
Published on: 15/12/2025

If a director’s loan account becomes overdrawn, the company may face a Section 455 tax charge. Here’s what close companies need to know about reporting, repayment deadlines and potential benefit-in-kind charges.

General
Read more
Tax implications of writing off a director’s loan

Tax implications of writing off a director’s loan

Tax implications of writing off a director’s loan Jess Brooks
Published on: 12/08/2025

When a company writes off a director’s loan, it can trigger tax and National Insurance consequences for both the business and the director. Learn the rules, HMRC requirements, and how to avoid extra costs.

General
Read more