Hi,
Tried to find info and have fully read this https://www.gov.uk/directors-loans/y...-company-money but struggling to get the answers to the below questions,
1. If I made a payment to my personal account by error e.g 9k and then subsequently repaid it less than...
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Search Result
Collapse
7 results in 0.0027 seconds.
Keywords
Members
Tags
-
Directors Loan query
-
Paying off directors loan
Hi all
I have a question regarding a directors loan I am paying back. My last company accounting period finished end of July 2015. I had an outstanding directors loan of £3,500K.
I paid off £3K in November leaving an outstanding amount of £500 which I intend to pay off...
-
Can I liquidate my company with an MVL without repaying the director's loan?
I am looking to close my company via an MVL but the DLA balance is £62,007. I understand many liquidators require that all debts be repaid before getting involved in case of unexpected liabilities. My company's retained profit is around £65,000, so it would be used to pay off the loan. Given that...Last edited by Guest22; 8 November 2015, 11:20.
-
Repaying a previous year's Director's Loan after further Director's Loan taken
If a Director's Loan of £5000 was taken in 2012/13 accounting year and then further director's loans were taken in the 2013/14 accounting year totalling £25,000, to avoid paying Corporation Tax on the loan, I understand from here that the DLA must be repaid "in full within 9 months".
...
-
Overpaid Dividend
Hi All,
My company tax year runs to 31 March. On the 2nd of April I figured it was a new year and paid myself a £27k dividend. My accountant has just advised me that this falls within the personal tax year which runs to 5 April.
Effectively I have overpaid my allowed...
-
Director's loans - for a house deposit?
Hi All
I am a relative newcomer to the world of contracting, having set up my limited company in April last year, so I am 3 months away from my first year end.
I have a question regarding the use of a directors loan account. Could I use this to help towards a house deposit?...
-
Directors Loan - How to calculate interest on the loan.
Hi,
19 months ago, in the way of a Directors Loan I implanted £40,000 into a new company that I'm a director of along with a fellow partner.
In the last 19 months I have not drawn any Dividends or salary or remuneration from the company.
It is now time to call my loan back,...
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25