I was reading an article from an accountant website on choice between Dividends and Director's Loan. There was a table illustrating this point. However , I am not sure how they worked out the figure for the amount of annual cost of ers NIC and dividend to fund the income tax. Please see the table link below:
https://www.pricebailey.co.uk/wp-content/uploads/2017/08/table2.jpg
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I can't be bothered doing the maths, but if the employer is standing the personal tax then that of itself is a benefit in kind, grossed up for tax and NI.
EDIT: Oh, and what DJKL said.