Overdrawn DLA
burg
Moderator, FMAAT, AAT Licensed Accountant Posts: 1,441
Just looking for clarity on the following issue.
A director is appointed for LTD Co A. It emerged the director had been paying for personal items on Company credit card. Director was sacked for breach of contract, leaving a Overdrawn DLA of £10k.
The director has fled the country and recovering the money seems unlikely.
Can the amount just be written off so as to avoid S419 tax?
A director is appointed for LTD Co A. It emerged the director had been paying for personal items on Company credit card. Director was sacked for breach of contract, leaving a Overdrawn DLA of £10k.
The director has fled the country and recovering the money seems unlikely.
Can the amount just be written off so as to avoid S419 tax?
Regards,
Burg
Burg
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