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Directors' Loan Accounts - Making the Tax Rules Work for You

A Tips & Advice Special Report about...

In a nutshell

This Special Report provides you with ready-to-apply solutions to deal with the tricky loan account rules. Fully up to date with recent changes, it explains how to manage loan account transactions in the most tax-efficient ways.

In detail

In plain English, this Special Report covers:

  • Loan-related tax charges
    • What the different tax charges are
    • When the s.455 charge applies to companies
    • When the benefit in kind charge applies to directors
    • What "conferring a benefit" on a participator means
  • Reporting to HMRC
    • When you need to tell HMRC about the loan
    • How to report loan account transactions
    • How to account for s.455 tax
  • Avoiding the tax charges
    • How and when to repay or clear a loan
    • What the repayment options are
  • Optimising your tax-planning strategy

Transactions between directors and their companies have always been a prime target for HMRC. And the rules have become increasingly complicated in recent years, making tax charges difficult to avoid. This Special Report offers you a series of legitimate ways to avoid tax. It's outstanding value for money.

We've created this Tips & Advice Special Report especially for... 

Company directors that want to:

  • Tax-efficiently manage their loan account transactions

Tax advisors, bookkeepers and accountants that want to:

  • Determine the best tax-saving strategy for their clients

 

You'll get the following free extras with this Tips & Advice Special Report... 

An Online Service with ready-to-use documents

  • To immediately apply our advice and solutions in practice
  • That you can easily adapt to suit your own requirements

In this Tips & Advice Special Report you'll read about...

Table of contents

Introduction

1. Loan-related tax charges applying to companies

2. Loans by close companies

3. Tax charge on loans to participators

4. Reporting to HMRC and accounting for s.455 tax

5. Benefit in kind charge on outstanding loan

6. Repaying or otherwise clearing the loan

7. Arrangements “conferring a benefit” on a participator

8. Tax planning

9. Tax terms that apply to company loans

Appendix

Documents

Director’s loan account record

Director’s loan account write-off letter

Director’s loan agreement

Interest payable on loan account minute

Resolution of general meeting to approve a loan to a director

You can choose from the following options...

Paper

  • The hard copy version
  • Keep it on your desk or use it whenever you're offline

Digital

  • The PDF-version
  • Delivered to your inbox

Take a look at your options below.

Offer
Pages
Printed version
PDF-version
Online Service

 

 

Offer
Pages
Printed version
PDF-version

 

 

PAPER + ONLINE SERVICE

Special subscribers' offer

£72.00

£52.00

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46
 

Standard offer

 

£72.00

46
 

PDF + ONLINE SERVICE

Special subscribers' offer

£72.00

£52.00

Only if you already have a subscription
46
 
Prices exclude VAT

Standard offer

 

£72.00

46
 
Prices exclude VAT

Received a special offer?


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