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Post Info TOPIC: Director's Loan to company - can Director charge interest?
DebbieM


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Director's Loan to company - can Director charge interest?
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When a Director 'loans' money to his Company as a Director's loan, can he / she charge the Company interest, i.e. to recompensate the fact that this money has not been sat in his / her own Bank accruing interest?

Many thanks,

Debbie



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Merlion ABS


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yep as far as im aware. But they have to deduct the tax from the interest and also prepare the interest certificates upon payment of interest depending on how they do it.

have a read of this

http://search2.hmrc.gov.uk/kbroker/hmrc/forms/viewform.jsp?formId=3290

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