If a Director's Loan of £5000 was taken in 2012/13 accounting year and then further director's loans were taken in the 2013/14 accounting year totalling £25,000, to avoid paying Corporation Tax on the loan, I understand from here that the DLA must be repaid "in full within 9 months".
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Repaying a previous year's Director's Loan after further Director's Loan taken
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Director's Loan Account in Credit
Hi,
I have been using a Limited company for a while now, but really haven't put much effort into understanding what my accountant has been doing!
The director's loan account (showing on the company's last set of accounts) is in credit by around 12k. (I think this is...
