How much S455 Tax will I pay on my overdrawn Director’s Loan Account?

Written By Damion Viney

S455 Tax is paid on a % of the lower of two figures:

  • The balance owed by the Director to the company at the financial year end

  • The balance owed by the Director to the company 9 months after the year end

S455 Tax has historically been linked to the Higher Rate of Dividend Tax currently 35.75%.*

*Correct at time of writing, check rates for the relevant tax year.

Damion Viney

Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers. 

linkedin.com/damion-viney

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