Overdrawn DLA

burgburg Experienced MentorGloucesterModerator, FMAAT, AAT Licensed Accountant Posts: 1,440
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?

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