I have recently decided to close down my Ltd. I am considering reclassifying some of my old dividends from earlier this year as directors loan and repaying them into my company so as to take better advantage of ER when the Ltd is closed. This would involve reclassifying the loans in my accountancy software (Freeagent).
However I am worried that HMRC won't take kindly to this, does anyone have any opinion regarding whether this is a smart or dumb thing to do?
However I am worried that HMRC won't take kindly to this, does anyone have any opinion regarding whether this is a smart or dumb thing to do?
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