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Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
I regret to have to tell you that it looks correct to me with Corporation Tax (CT) at 20%. Dividends do not count against company profits in the CT computation and the level of the Director's Loan account is an irrelevance.
I regret that the company will just have to bite the bullet and pay.
I am so sorry to rain on your parade.
Yes, not very nice I agree, unlike the 7p, yes seven pence, CT bill I once saw issued by the Inland Revenue!
Remember that you can reduce the CT bill by the company making contributions to your private pensions plan.
Thank you for your support.
Delighted to have been of assistance. I paid that 7p t the Post Office. The Postmaster roared with laughter pointing out that it would cost a small fortune to process!