Stolen Money by DIrector/Shareholder
I have a client who's company has had money stolen by 1 of the directors who is also a shareholder. He has been cashing cheques into his own bank account and writing on the cheque book stub its to a supplier or writing nothing at all. He has admitted to stealing X amount of pounds but its probably more, would need to check into it in more detail.
Can the amount he's admitted to be written off in the accounts, and if so can tax relief be claimed?
Thanks in advance.