***Urgent help***

[Sally BFCA]

Can you point me to the legislation or rules that say this or is this just opinion? Reason being I do have a claim against a limited company that banks on behalf of another “unrelated” company. So far the IR has said there is nothing wrong with them doing that.

I can't find it written in the Companies Act 2006, or anywhere else...if anyone can then it would be useful to know.

If you used a personal account for a Ltd co then their would be no limited liability on the personal account as there would be on a company account.

For HMRC purposes, a co account is transparent and everything separate.

Companies that are part of a group often use one account for all.

[Clippy]

ah...clippy has quoted a post that I just deleted! I misread the question and thought it was an accountant's bill, not a tax bill (either way it's a sign you've got a shoddy accountant). Although I think my point still stands, if it's a big company tax bill, the personal tax implication on top might make it worth unravelling.

Soz.
(Don't you hate it when that happens?!?)

[Paddy]

I can't find it written in the Companies Act 2006, or anywhere else...if anyone can then it would be useful to know.

If you used a personal account for a Ltd co then their would be no limited liability on the personal account as there would be on a company account.

For HMRC purposes, a co account is transparent and everything separate.

Companies that are part of a group often use one account for all.

Thanks for your reply, the company in my question is not part of a group. Companies House is aware of the situation but I will get back to them to see if they are in breach of company regulations. Thanks again.

[thunderlizard]

Soz.
(Don't you hate it when that happens?!?)

(mutters as police lead him away):And I would have gotten away with it too if it hadn't been for you meddling teenagers...

[suityou01]

Soz.
(Don't you hate it when that happens?!?)

I hate it more when people abbreviate the word sorry to that horrible word.

DO NOT EVEN THINK IT CLIPPY