I am trying to figure out if a director has control of 2 different companies which means he could not claim the £2000 employer allowance for both companies:
The director has a 50% shareholding in company A (Other 50% owned by non related Director).
The director also has a 50% shareholding in company B (Wife owns other 50% in company).
Company B has made large loans to company A.
I am thinking the director would be classed as having control of company B (Since he owns 50% and his wife owns the other 50%).
I am also thinking he would have control of company A since he has a 50% shareholding in A plus company B has made loans to company A.
Do you think the director would be classed as having control of both company A and company B (So that I know he cannot claim employer NI allowance in both)?
If anybody could help it would be greatly appreciated