Using a separate personal account for a limited company

[northernladuk]

You've asked a question, been advised against it by everyone in this thread including three qualified accountants, and you still want to argue the toss?

That's because it's one of 'THOSE' type of questions that only has one acceptable response. So...

[northernladuk]

Thread closed..

[d000hg]

No it isn't.

[LisaContractorUmbrella]

Thanks, so essentially...it's a grey area that technically you *might* get away with if there was good justification. And like tax avoidance schemes, people are getting away with it year on year but the HMRC hasn't decided to crack down on them *yet*.

I think I can easily agree with this, because yes you're right HMRC are not going to accept money saving as a reason.

Oh well, it was just an idea going through my mind...when you see all these attractive offers for personal accounts that would make money just sitting there earn more and with a business account you seemingly get shafted on every transaction.

Um no

[northernladuk]

No it isn't.

Should be.

[Batcher]

Should be.

But it's not.

[northernladuk]

But it's not.

[Batcher]