Commentary

A6.956 Directors and non-executive directors

Administration and compliance

A6.956 Directors and non-executive directors

A6.956 Directors and non-executive directors

HMRC will look carefully at directors' remuneration packages, in particular their current (loan) accounts and the calculation of their National Insurance.

Directors' current (loan) accounts

HMRC will look to see if the account is overdrawn1 and will review the account to ensure that the employer has reported the correct amounts of any beneficial loan and subjected payments used to fund the account to PAYE (where appropriate)2. HMRC will look for regular credits, withdrawals and personal expenses and will consider whether to treat any of those amounts as earnings rather than loans.

Directors' National Insurance

Directors have special

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