Corporation Tax: reclaim tax paid by close companies on loans to participators (L2P). HMRC provide both postal and online forms that can be used by close companies to obtain a refund of tax paid when a loan has been repaid, released or written off.

The other tax consequences for both the company and participator of a loan that is released or written off are considered in detail in our guides.

Links

Directors' loan accounts: Toolkit
How a director's loan account is treated for tax.

Close Company Loan Toolkit
Tax issues for companies with directors' loans.

Unlawful, illegal or ultra vires dividends
Tax and compliance issues when dividends are voided.

Tax planning for directors
Links to tax planning guides and updates.

External link

Form L2P

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