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directors loan
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Directors Loan query
Hi, Tried to find info and have fully read this https://www.gov.uk/directors-loans/you-owe-your-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 an hour later, do I...- ukltdcon
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- directors loan
- Replies: 20
- Forum: Accounting / Legal
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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 this week .Unfortunately...- pego
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- directors loan loan
- Replies: 3
- Forum: Accounting / Legal
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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...- Guest22
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- directors loan liquidation mvl
- Replies: 22
- Forum: Accounting / Legal
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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". I asked my...- Guest22
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- corporation tax directors loan directors loan account
- Replies: 6
- Forum: Accounting / Legal
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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 dividends for the year by...- Bratat
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- directors loan dividend overpaid tax year
- Replies: 14
- Forum: Accounting / Legal
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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? Originally I was...- Tricky75
- Thread
- directors loan
- Replies: 16
- Forum: Accounting / Legal
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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, but I need your...- Robinlo
- Thread
- directors loan
- Replies: 3
- Forum: Accounting / Legal
