If a director has a directors loan with his company, can he use part of that loan to buy a company vehicle? or does he have to physically pay for it? I think i am ok to use his loan, but would like clarification please. Also the company is VAT registered so would he have to charge VAT on the sale of the fixed asset? he would wouldn't he? I know these are simple questions, but suddenly got a confidence crisis!!
0 · Share on Google+