When can S455 Tax be reclaimed?

Written By Damion Viney

If a company has paid S455 Tax on money borrowed by a Director, it can be reclaimed 9 months after the financial year in which the loan is repaid.

For example if the loan was repaid in the financial year ending 30th June 2025, the process of reclaiming the S455 Tax can start on 1st April 2026.

The process consists of completing an L2P form. This can be done online: https://www.gov.uk/guidance/reclaim-tax-paid-by-close-companies-on-loans-to-participators-l2p

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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