Director's or employee's loan account record
Director’s loan account record A taxable benefit in kind may arise where a director is provided with a loan, either interest free or at a rate of interest below HMRC’s official rate (3% for 2016/17). Use this document to calculate what, if anything, you need to declare to HMRC. Make a note Where a cheap rate or interest-free loan is no more than
Related Topics
-
Directors’ fees - can you escape PAYE?
You’ve been asked to join the board of a company in a purely advisory role. For tax and NI efficiency you want your fees to be paid to your own company. Does this arrangement fall foul of HMRC’s off-payroll rules?
-
P46 (car) deadline
-
Filing deadline for self-assessment tax returns