Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
As a director of a Limited company can I charge interest on loans offered to my company and what is the allowable interest Permitted by HMRC?
Many thanks. Malcolm
Editors Note: From HMRC >> https://www.gov.uk/directors-loans/you-lend-your-company-money
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:
You must report the income on a personal Self Assessment tax return.
Your company must:
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.