Guidance

Insolvency practitioner bulletin 8 (2022): new process to write off directors' loan accounts in insolvency procedures

This bulletin explains the new voluntary process and what should be submitted if you're using the new process.

From:
HM Revenue & Customs
Published
31 January 2025

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New process to write off directors' loan accounts in insolvency procedures — insolvency practitioner bulletin 8 (2022)

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

This bulletin also tells you about:

  • writing off directors’ loan accounts
  • the tax consequences of writing off directors’ loan accounts
  • the repayment of out of contract settlements under section 455 of the Corporation Tax Act 2010

Updates to this page

Published 31 January 2025

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