Posted in Income Tax
An overdrawn director’s loan account is created when a director (or other close family members) ‘borrows’ money from their company. Many companies, particularly ‘close’ private companies, pay for personal expenses of directors using company funds.
Continue readingPosted in Corporation Tax
There are tax consequences for both companies and directors relating to the issue of director’s loans. We will examine below some of the implications if a company facilitates loans to a director. A director’s loan comprises not just an actual loan,
Continue readingPosted in General
As expected, the government published Finance (No.3) Bill on Wednesday, 7 November 2018. The Bill is so named as it is the third Finance Bill in the current special two-year session of Parliament. The Bill contains the legislation for many of the tax
Continue readingPosted in Employment Law
The Information Commissioner’s Office (ICO) has published updated security guidance on encryption and on passwords in online services under the GDPR.
The GDPR requires data controllers to implement appropriate technical and organisational measures