Director's Loan Account

When I was dealing with the management of a Director's Loan Account a few years ago I used to make sure that the account never went more than 5k in deficit, I think to avoid the creation of a beneficial loan.
Looking at current HMRC guidance I can't find any reference to the 5k limit, have things changed?:
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I note the requirement to ensure that any deficit is made up no later than 9 months after the year end.
Reply to
fred
I think you may have had in mind the 5,000 limit which arises from the beneficial loans legislation. See eg
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page 11
Reply to
Robin
In article , Robin writes
That's the ref I was looking for, thank you.
Strange to find the main ref in just a toolkit but understood that my link to DLA guidance was primarily for Corporation Tax.
I'll make sure our bases are covered.
Reply to
fred

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