Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has made an assessment of the level of additional funds to be raised by HMRC as a result of the treating director’s loan accounts as income in the hands of the director.
When a close company lends money to a director, the company is generally charged to tax on the amount lent. Analysis carried out in 2016 in relation to the change in the rate of that tax charge can be found at the link below: