Paying off DLA
Rachel
Registered Posts: 348 Dedicated contributor 🦉
Hello
Client has overdrawn DLA. They want to introduce personally owned assets, that the business used. However, HMRC says that the loan can only be paid by cash or dividend. Can they get paid in cash for the assets and then repay the DLA immediately?
Any advice gratefully received.
Thanks
Rachel
Client has overdrawn DLA. They want to introduce personally owned assets, that the business used. However, HMRC says that the loan can only be paid by cash or dividend. Can they get paid in cash for the assets and then repay the DLA immediately?
Any advice gratefully received.
Thanks
Rachel
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 319 NEW! Qualifications 2022
- 157 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership