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?:

formatting link

I note the requirement to ensure that any deficit is made up no later than 9 months after the year end.

I think you may have had in mind the 5,000 limit which arises from the beneficial loans legislation. See eg

formatting link

page 11

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.