You have been given the correct advice here.
You can't rewrite history to get a better outcome. The funds were paid as dividends and that is what they are.
Your accountant isn't being cautious, he is giving you the correct advice.
Anyway, I have also read that HMRC are taking a case up to try and deny ER where the money has already been taken as loans. Interesting to see how they get on, as could affect a lot of clients if they win!
You can't rewrite history to get a better outcome. The funds were paid as dividends and that is what they are.
Your accountant isn't being cautious, he is giving you the correct advice.
Anyway, I have also read that HMRC are taking a case up to try and deny ER where the money has already been taken as loans. Interesting to see how they get on, as could affect a lot of clients if they win!
Comment