Poodle Registered Posts: 711 Epic contributor 🐘
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?



  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
    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
    taxing-times Registered Posts: 8 New contributor 🐸
    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
    Poodle Registered Posts: 711 Epic contributor 🐘
    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.

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