In this blog you will learn about the tax implications of having an overdrawn directors' loan account.What is an overdrawn director's loan account?An overdrawn director's loan account is simply money that a director or a participator in a close company has taken from the company which has not been taxed under PAYE or extracted by means of a dividend which has not been repaid. In essence, the director owes money to his/her company in the form of a loan.
