Guidance

Insolvency practitioner bulletin 2 (2022): writing off directors' loan accounts in insolvency procedures

This bulletin explains when directors’ loan accounts can be written off, the new voluntary process and what should be submitted if you're using the new process.

• From: HM Revenue & Customs
• Published: 31 January 2025

Documents

Writing off directors' loan accounts in insolvency procedures — insolvency practitioner bulletin 2 (2022)

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This bulletin has been published for information purposes only, HMRC cannot guarantee the accuracy of the content.

This bulletin tells you:

• when directors’ loan accounts can be written off in corporate insolvency procedures
• the consequences of writing off directors’ loan accounts
• out of contract settlements
• the new voluntary process to write off directors’ loan accounts
• what you should submit if you’re using the new process

Published 31 January 2025