Directors Loan

charlenebb

Does anyone know the rules when it comes to directors loans. e.g.

How long can you take the loan and when should it be paid back.
Does the company charge the director interest on this? and is there a rule on how much this should be for.
If they do not pay this back in time. Should this be classed as dividend payment straight away and taxed?

Regards

Dean

http://www.hmrc.gov.uk/manuals/ctmanual/CTM61500.htm

charlenebb

Thank you