Claiming expenses by paying off Directors Loan
Question asked by Duncan Mercer 11 years ago
Hi
Is it possible to claim expenses by paying with directors loan - i.e. I wouldn't actually get any physical money but my directors loan would reduce e.g.
DLA balance = £5000 Expense cliaim for mileage = £500
Pay expense with DLA so that :
DLA Balance = £4500 expense balance = 0
I assume if using Quick Pay with DLA the balance would go to £5500
Cheers Duncan