A limited company ceases trading on 13/1/17 and has a overdrawn DLA of £20k.
At the year end the overdrawn DLA is £40k
How or indeed does the increase in overdrawn DLA reported to HMRC?
As only the 20K will be reported on the corp tax return?
Thanks for any input
Jonathan
Replies (6)
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If you are filing accounts as at the year end the Loan a/c will show up @£40K
I assume you mean accounting year end and not calendar