Directors loans -the facts from HMRC link19 Sep 2023 08:06
SIMPLE ,unfortunately for you I also used to be a chartered Tax Adviser ! You included excerpts which don't make sense. All the tax issues with directors loans are in relation to loans TO directors ,not the other way around -see below .
So the term directors loans include loans both to and from a director- Tintin 's suggestion was not problematical as you suggested in your smart alec but unfortunately totally wrong email. You have spouted on producing rubbish whilst being totally uninformed on that area. You also tried to shut me down on the going concern point as a has been accountant, again being totally ignorant and missing the point with your copy and paste ,again pretending to know what you were talking about. I regard your posts now as having little value whilst also being offensive . So I will not waste my time reading them any more.
https://www.gov.uk/directors-loans/print
3. If you lend your company money
Your company does not pay Corporation Tax on money you lend it.
If you charge interest
Interest you charge your company on a loan counts as both:
a business expense for your company
personal income for you
You must report the income on a personal Self Assessment tax return.
Your company must:
pay you the interest less Income Tax at the basic rate of 20%
report and pay the Income Tax every quarter using form CT61