1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
  • Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Reply to: Directors loan

Collapse

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Directors loan"

Collapse
  • dude69
    replied
    you can get a £5k season ticket loan. I don't see any reason why it should be repaid before year-end though.

    This I think is separate from what you are talking about, which appears to be a generalised loan facility, which being under £5k is deemed to be not a BIK.

    Leave a comment:

  • Lewis
    started a topic Directors loan

    Directors loan

    Are there any disadvantages of keeping a directors loan running all year? I know I can have an interest free directors loan of up to £5000 without it being a benefit in kind. As long as it is paid off before the year end is there any downside to doing this. The advantage for me is that the money can be offset against my mortgage which means I get better interest than keeping it in the company account. I am wondering if I ever have to justify the reason for having the loan or for not repaying it when declaring dividends.
    Tags: None

Advertisers

  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
Working...
X