Hi guys
Can anyone help me with this q?
So, a Ltd company opens on 19/08/2019. The company has to send in two returns in May 2021: one for 19/08/2019 - 18/08/2020 & 19/08/2020 - 31/08/2020 (hopefully this is correct so far)
My question is about directors loan account and a CT600A. The director owed money to the company after 18/08/2020 but also after 31/08/2020 as it wasn’t fully paid until after these dates (majority was paid off through quarterly dividends before 18/08/2020). The amount was the same (£200) What I’m having slight trouble understanding is which return/period should the company include the CT600A for?
Should it be included on both as the amount was due during both time periods?
Please take it easy on me. This is all still very new to me (my "accountant" has vanished) and I’m really spending a lot of brain power on this ? . Any guidance on to what I should be thinking about, or if I am on the right track would be really appreciated.
Can anyone help me with this q?
So, a Ltd company opens on 19/08/2019. The company has to send in two returns in May 2021: one for 19/08/2019 - 18/08/2020 & 19/08/2020 - 31/08/2020 (hopefully this is correct so far)
My question is about directors loan account and a CT600A. The director owed money to the company after 18/08/2020 but also after 31/08/2020 as it wasn’t fully paid until after these dates (majority was paid off through quarterly dividends before 18/08/2020). The amount was the same (£200) What I’m having slight trouble understanding is which return/period should the company include the CT600A for?
Should it be included on both as the amount was due during both time periods?
Please take it easy on me. This is all still very new to me (my "accountant" has vanished) and I’m really spending a lot of brain power on this ? . Any guidance on to what I should be thinking about, or if I am on the right track would be really appreciated.
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