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2026/27 TAX YEAR IS HERE MTD FOR INCOME TAX NOW MANDATORY FOR LANDLORDS & SELF-EMPLOYED OVER £50K DIVIDEND TAX RATES INCREASED TO 10.75% & 35.75% — OPTIMISE YOUR PAYOUTS ADVANCED CALCULATORS FOR PROPERTY, CRYPTO, AND INHERITANCE TAX HERE

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    📅 Tax Year

    💼 Director’s Loan

    £

    Amount still owed to the company 9 months after year end.

    How This Calculator Works

    💼 Director's Loan Tax

    Calculates the S455 Corporation Tax charge on overdrawn director's loan accounts not repaid within 9 months of year end.

    ⏳ Repayable Charge

    The S455 charge is refundable once the loan is repaid, but HMRC only refunds 9 months after the accounting period in which repayment occurs.

    📈 Rate Tracks Dividend

    The S455 rate mirrors the dividend upper rate to prevent tax avoidance via loans instead of dividends.

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    Frequently Asked Questions

    When does S455 tax apply?

    S455 applies when a director has an overdrawn loan account at the company's accounting year end and has not repaid it within 9 months and 1 day after the year end.

    Can the S455 charge be avoided?

    You can write off the loan (which creates an income tax charge on the director) or repay it before the 9-month deadline. HMRC may challenge "bed and breakfasting" where loans are repaid and re-drawn within 30 days.