P11D's

Poodle

Yes it's that time of the year again.

I have a director with a DLA with a very large credit balance. However, rather than paying into his own bank account and then paying out personal expenses he keeps making direct payments from the company bank account saying he is just taking what the company owes him. Which of course is true.

But should this go onto the P11d?

If so where and how?

Poodle

Bluewednesday

I don't know what everyone else would do but my gut feeling is that they are just directors loan repayments so don't need to go on the P11d.

taxing-times

Bluewednesday is correct - the private expenses should be debited to the DLA, he is in effect reclaiming the money he is owed and so there is to need to fill in a P11D for this.

Poodle

Thanks guys,

I had this confusing thought that because he is in effect using the business bank account as his private bank account that this might be perceived as a benefit.

Poodle