10/04/2026
Heads up to all small limited company directors who live off the director current/loan account - this will create a lot more work and tighten up on records.
Let's see how the MPs & Lords take this as many of them will have been [still are?] DLA users and may want to push back
It will cut the tax gap but with how much admin and can HMRC cope with ever more data and fewer humans
In a sweeping consultation, HMRC plans draconian reporting requirements on director’s loan accounts and participator loans to connected companies