Published 22 days ago • loading... • Updated 22 days ago

Borrowing from your business – The hidden tax risks of director’s loans

Summary by Grunberg & Co

Taking money from your company in the form of a director’s loan might seem like a convenient option, but if mismanaged, it can lead to unexpected tax charges. With HM Revenue & Customs (HMRC) increasing the official interest rate on beneficial loans from 2.25 per cent to 3.75 per cent from April 2025, directors must be cautious to avoid unnecessary costs. What counts as a director’s loan? A director’s loan is any money taken from the company…

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Grunberg & Co

Borrowing from your business – The hidden tax risks of director’s loans

22 days ago

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wem.biz

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The tax traps of director’s loans – How to avoid unnecessary charges

Director’s loans can be a useful way to access company funds, but if not managed properly, they can lead to unexpected tax liabilities. With HM Revenue & Customs (HMRC) increasing the official interest rate for beneficial loans from 2.25 per cent to 3.75 per cent from April 2025, directors must be even more cautious about how they handle these loans. What is a director’s loan? A director’s loan occurs when a director borrows money from thei…

22 days ago

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