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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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How do I account paying of production

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How do I account for Director paying for costs of production on personal account in the CH returns... is this aCreditors item?
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.
Hello and welcome to the site. Thank you for your question.

Any payments made on behalf of the company and not paid back to the Director at the year end should be shown as creditor when filing accounts at Companies House and in your CT600 return.

I hope this is helpful and answers your question.

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Expert:  taxadvisor.uk replied 2 years ago.
I thank you for accepting my answer.

Best wishes.

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