For a small limited company, under FRSSE, is the figure in the notes to the accounts:
"operating profit is stated after charging
- director's renumeration",
.........the gross salary + any expenses reimbursed (there are no pensions or Bik)?
thanks in advance for any comments
Jenny
Replies (1)
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I've always understood
Dir Remuneration = Directors Gross
Dir Emoluments = Gross + BIK
Thus the operating profit wont agree to P&L if there are BIKs