If you’ve provided loans of more than £10,000 to any directors or employees, these may be considered 𝘁𝗮𝘅𝗮𝗯𝗹𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀. This happens when the loan is employment-related and offered either interest-free or with interest below the official rate. Under the 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 (𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗣𝗲𝗻𝘀𝗶𝗼𝗻𝘀), a loan is treated as a 𝘁𝗮𝘅𝗮𝗯𝗹𝗲 𝗰𝗵𝗲𝗮𝗽 𝗹𝗼𝗮𝗻 if: It […]