Hopefully this is a quick question, but one my accountant doesn't seem able to answer!!!
The vast majority of my work falls inside public sector IR35. However, perhaps stupidly (and very uninformed), rather than withdraw all of the IR35 income as salary, some of it has been used within the business to pay rent and buy stock for a secondary project.
This means that my deemed payment is (I think) likely to be relatively high (around £8,000).
Would it be acceptable to pay myself that £8,000 as a paper exercise only and in fact create a journal entry taking it as directors salary but putting it in to the directors loan account? Is that permitted by HMRC?
Thanks so much.