Directors loan account debit balance.

One of the director has left in rather acrimonious cicrumstances and there is a 20K debit balance on DLA.

What is the correct treatment for the company.  Presumably he would have to pay tax

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The correct treatment

Euan MacLennan |
Euan MacLennan's picture

What do you mean by 'correct' treatment?

BKD's picture