Paying off DLA
Rachel
Registered Posts: 340 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
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