dla overdrawn at co y/e 31 Aug 14 say £200k - s455 paid
in year to 31/8/15 further advances made of say £100K
is there any advantage in repaying more than £100k before 31st May 2016?
i.e. are loan repayments treated as LIFO or FIFO
Replies (4)
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LIFO or FIFO
It's the taxpayer's choice.
I can't see any benefit in repaying more than £100k before 31.5.16. Before 31.8.16? Yes.