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. You or your company may have to pay tax if you take a director's loan. Your personal and company tax responsibilities depend on how the loan is settled. Our comprehensive guide covers everything you need to know about directors' loans. Explore the implications of directors' loans in Ireland. Director's Loans are not a feature of the Umbrella Company Solutions, but they can be quite common with Private Limited Companies. You can request form CT61 online or call HM Revenue and Customs. HMRC Shipley Accounts Office 0300 051 8371.