What is a Director's Loan Account - Guide to a Directors Loan Account - 0 views
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Vidit Agarwal on 22 May 19Any overdue director's loan determines your company will pay additional Corporation Tax at 32.5% on the amount outstanding. This extra 32.5% is repayable to the company by HMRC when the loan is repaid to the organisation by the director. It is not repaid by HMRC when the loan is repaid.