30 November 2010
A director draws monthly amounts from his loan account, with the debit being cleared by a quarterly dividend. Are HMRC correct in contending that the director has the benefit of an interest-free loan?
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
