I am completing accounts for a company where the director's loan is overdrawn by over 10k. The Corp Tax of the company is 3k and since the director's loan account is overdrawn, a further s455 tax of £3.2k is due.
My question is what should be reflected on the accounts in the balance sheet. Should it be just the corporation tax liability or the corp tax and s455 tax liability?
Look forward to your answers