HMRC scrutinising directors’ loans

HMRC scrutinising directors’ loans

HMRC has begun a new compliance campaign targeting company directors who owed their companies money. What’s the full story, and how should you respond? Warning letter. HMRC says that it will shortly write to all directors that it has identified as having had one or more loans from their companies which were written off or released (waived) between April 2019 and April 2023. You’ll receive a letter if you didn’t report the details on your self-as…