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Is it correct that the overdrawn director's loan should be reported on the current year's CT600A?
However, the company is not registered for PAYE purposes and therefore we do not have a PAYE reference number. Therefore, we haven't submitted any P11D for this director. What do we do in this case?
The overdrawn director's loan was about £80,000 in last year's accounts but we didn't report it on the CT600 for that accounting period since we prepared the accounts about 4 months after the accounting period finished and there was no tax due at the time on it at the time. Should we therefore report it on this year's CT600?
I will set up a PAYE scheme for the company now.