Home For accounting professionals General accounting discussion
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚

Overdrawn DLA

MoobagMoobag Feels At HomeRegistered Posts: 59
I have a client who has an overrawn directors loan account of £2.2k, where does this need to be shown on his Tax return???

Any help greatly appreciated.


  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    On his personal return? No.

    Might have to be shown on the CT600 if it was outstanding more than 9 months after the year end.
  • MoobagMoobag Feels At Home Registered Posts: 59
    Thanks, I didn't think it was shown on personal tax return but someone told me it did been looking today and couldn't find it!

    I wonder if they ment P11d?
  • BluewednesdayBluewednesday Font Of All Knowledge Registered Posts: 1,624
    The only thing I can think is that it would be beneficial loan interest on the p11d but as it's not over £5k (assuming that it hasn't been at any time during the year) that wouldn't apply
Sign In or Register to comment.