Learn about directors loan accounts, including tax implications and legal risks. Get expert guidance on managing your DLA effectively.Guide on Legal and Tax Implications regarding Director's Loan Account in Ireland. Learn more on how to minimise the risks involved today. The general rule of the Act as laid out in Section. Persons who wish to address the Board should complete the form provided for that purpose and furnish a copy of any written statement to the Clerk. Our comprehensive guide covers everything you need to know about directors' loans. Explore the implications of directors' loans in Ireland. The following is a list of some documents that may be recorded if they meet all requirements, and a description or definition of each document. I am trying to find a way to enter money taken out of the business as a loan from the company to the Director, and I'm not sure what ledgers to set up.