Director's loans
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:
- a business expense for your company
- personal income for you
You must report the income on a personal Self Assessment tax return.
Your company must:
- pay you the interest less Income Tax at the basic rate of 20%
- report and pay the Income Tax every quarter using form CT61
You can request form CT61 online or call HM Revenue and Customs.
HMRC Shipley Accounts Office
Telephone: 0300 051 8371
Monday to Thursday, 9am to 4.30pm
Friday, 9am to 4pm
Find out about call charges