Hi,
I am in need of some help. I have prepared accounts for a Ltd company for the year ending 31 March 2012. Directors loan account is overdrawn by 30K. Dividends are 65K and retained profits after tax and dividends is 5k. The director is going to put the 30k back into the business by the end of October 2012. Am I right in saying that there will be no 25% tax payable on the 30K. Do I need a P11D declaration for interest?
Thanks
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I would suggest that you re-post this as an item in Any Answers, where you are more likely to get a response.
Hi David,
Thanks for that.
Hi David,
Thanks for that.