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Directors Loans
When a company which is controlled by its directors, or by five or fewer shareholders, makes a loan to a shareholder/director, the company must pay an extra Corporation Tax charge.
2019-20
- In 2019-20 the Corporation Tax charge will be 32.5% of the loan (2018-19 also 32.5%).
- This continues to align the tax charge with the dividend tax payable by higher rate taxpayers.
- Loans made to a charity will be exempt from this tax charge.
2018-19
- In 2018-19 the Corporation Tax charge was 32.5% of the loan (2017-18 also 32.5%).
- This continues to align the tax charge with the dividend tax payable by higher rate taxpayers.
- Loans made to a charity will be exempt from this tax charge.
Click Here 
to download the current tax year's abacus Tax Tables pdf booklet
Click Here to download the previous tax year's abacus Tax Tables pdf booklet
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