Director's Loan Account



When I was dealing with the management of a Director's Loan Account a
few years ago I used to make sure that the account never went more than
5k in deficit, I think to avoid the creation of a beneficial loan.

Looking at current HMRC guidance I can't find any reference to the 5k
limit, have things changed?:

I note the requirement to ensure that any deficit is made up no later
than 9 months after the year end.


I think you may have had in mind the £5,000 limit which arises from the
beneficial loans legislation. See eg page 11
That's the ref I was looking for, thank you.

Strange to find the main ref in just a toolkit but understood that my
link to DLA guidance was primarily for Corporation Tax.

I'll make sure our bases are covered.

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