Directors Loan Account

 

I am wondering about paying interest on a Directors loan account.

Is it paid Gross re Net of tax, if net what rate of tax is deducted.?

How and when is it paid to the HMRC?

Finally what rate of inteest would be appropriate?

I would be grateful for any help from anyone who has done this.

Comments
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Avoiding the benefit

Alan Ferris |

I would

justsotax |

There is an assumption in the first 2 replies

BKD |
BKD's picture

Interest payable to directors on credit balance DLA

DMGbus |
DMGbus's picture

I fear you are correct

justsotax |