I have a non resident director, who is the sole shareholder and director of a company. They were unable to open a UK LTD Company bank account without coming to the UK, for their first year they opened a personal account and used this 100% for business purposes. They made no withdrawls from the account at all. The only expenses in the account are business ones.
In the office we have 2 sides, one which says all the money in the account should be treated as DLA and charged 32.5% with not bank charges or interest credited to the company. The other which is that the account is in effect a company account as only company expenses etc have gone through it. We would be interested to have some other thoughts on this. Obviously this has a significant impac on the tax bill.