BTC - Directors remuneration

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:27AM in AAT student discussion
Can anyone put my mind at ease?

In the BTC exam I allowed the directors salary as they are just normal members of staff - after all they are not the owners so it is not like drawings

Lots of people in my class added in back as being disallowed

Can anyone explain?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC - Directors remuneration

    I left it in. My understanding is that Directors fees are treated the same way as other staff salaries.

    Parking fines etc are different.

    Hope we're right :?:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC - Directors remuneration

    i left it, is that wrong? i thought companies was fine, it was the salary of a sole trader that was disallowed.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC - Directors remuneration

    I left director's salary out of the adjusted profit computation too. It is allowable. :lol::lol:

    At least we were right at some things if not all.. Cheer up!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC - Directors remuneration

    Thanks everyone - you have put my mind at ease! I thought it was allowable but you start to question your own knowledge sometimes
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC - Directors remuneration

    I think there was some speeding fines that were disallowable, can't remember though..
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC - Directors remuneration

    What about the legal fee re the tax appeal. i said allowable cos i didn't say if the appeal was successful or not, but think that i wrong
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC - Directors remuneration

    I said not allowable as I classed it the same as a fine for law breaking where only employee parking fines are allowable.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC - Directors remuneration

    If it helps, the Directors' Remuneration would be allowable but the Legal Fees would be added back.

    Regards

    Dean

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