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Taking a 2013/14 dividend a couple of days early?

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    #11
    Originally posted by d000hg View Post
    A bit cheeky but is there any real reason I can't just do an electronic transfer today and then do the loan & dividend paperwork once I'm back in 10 days to catch up?
    Would you be happy explaining it to hector if he came knocking?

    I would just use the directors loan account, it is pretty simple to do and perfectly legal.

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      #12
      Originally posted by d000hg View Post
      could do with getting a few grand more into my personal account
      I was wondering if maybe it was a standard CC facility I'd missed but it sounds this isn't the case.
      Originally posted by MaryPoppins
      I'd still not breastfeed a nazi
      Originally posted by vetran
      Urine is quite nourishing

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        #13
        As others have said, take the money out of the company and record a debit to the Directors Loan Account for the amount taken.

        Credit the DLA again when you declare a dividend in the new year.

        I wouldn't take the full £5000 (the level where it becomes a benefit in kind unless you pay interest) if I were you. Some accountants will assign rounding differences or expenses that you shouldn't have claimed to the DLA so that can unexpectedly take it over £5000.

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