Company expenses

GeorgeGeorge Feels At HomeRegistered Posts: 43
A sole director pays for expenses wholly and exclusively for business purposes, from the company bank account. Is there any P11D reporting required? I'm assuming not, as there is no personal benefit derived.

Also, is this correct double entry for a mileage claim using his own vehicle, again, wholly and exclusively for business purposes, and is there no need to report it on his self assessment return?

DR: Motor Expenses
CR: DLA

Thank you for your help.:001_smile:
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