Posts Tagged ‘Director’s Loan Account’
Keep details of your Director’s Loan Account, and keep it in credit
A detailed breakdown of a Director’s Loan Account (DLA), including dates, is now required. This comes after a judge agreed with HRMC in a recent tax tribunal case. The significance is that where the loan account is overdrawn (debit balance) there may be a possible P11d benefit on the director and also a tax…
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