Write Off An Overdrawn Directors Loan Account

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Write Off An Overdrawn Directors Loan Account

Рет қаралды 2,458

Simon Gray

Күн бұрын

Пікірлер: 16

@kanebarnes7957 Жыл бұрын

Thanks so much for this information. Very informative and easy to understand for someone who is new to business 🙏

@simongray2484 Жыл бұрын

You’re welcome glad you liked the video

@ali.s227 2 жыл бұрын

Please Keep making videos.U explained it really well Thanks

@simongray2484 2 жыл бұрын

Thanks glad you enjoy them

@himanshusolanki1633 Ай бұрын

Thanks for your vedio, that was really helpful. Could you please also explain if there is requirement of charging tax of S455 on the overdrawn balance?

@simongray2484 Ай бұрын

@@himanshusolanki1633 yes if the overdrawn DLA is still outstanding 9 months after the year end

@wasifraza5029 2 жыл бұрын

Really informative video.

@lawrencer25 2 жыл бұрын

Fabulous and very helpful video. 👍👍🥂🥳

@amaanaziz6773 2 жыл бұрын

Great video Simon!! Keep it up

@simongray2484 2 жыл бұрын

Thanks

@KScan-cj5wi Жыл бұрын

I copied this from ACCA........ However, an important feature of a loan being written off is that in most cases HMRC will argue that writing off a loan comes under the definition of ‘emoluments from an office or employment’ and as a result will seek to collect Class 1 NIC from the company. In Most cases??? what do you think?

@simongray2484 Жыл бұрын

I’ve seen the same narrative many times over the years in text books and journals but in practice I’ve never seen hmrc take the point… doesn’t mean however that they won’t!