Directors loan overdrawn

Directors loan overdrawn

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Am I correct in thinking that there is no P11D issues if the loan is below £5000? I understand that if this amount is still outstanding 9 months after the end of the financial year that 25% will be payable. If the loan is not repaid by a dividend and is written off, I assume tax and ni payable. Could someone please tell me if this is correct.
jm

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