If you borrow money from your company it can result in a tax charge. HMRC allows you and your company to use different methods to work out the taxable amount. But which is the most tax efficient? Loans not earnings We recently explained how to ensure HMRC can't treat money you borrow from your company as earnings on which PAYE tax and Class 1 NI is payable. Nevertheless, you'll have to pay income tax under the benefit in kind rules if the amount you borrow exceeds £10,000 at