There is a lot of info about employers lending money to employees. But I have come across an odd case of an employee lending money to their employer.
It is for over £50k so not an immaterial amount. Although I believe it will be repaid in a short time, perhaps a month or two.
I am sure they will not have any formal arrangement between them so no interest is being charged.
Any pointers towards potential tax implications to beware of?
As for why they have done this without even telling me in advance, the employee is good friends with the owner so he is just doing a favour to help cashflow. I am tempted to treat this as a loan from the employee to the owner of the business and then a shareholder loan to the business