This may have been answered before, but I can't see anything that fits exactly.
I am working with a Ltd company, one director who is drawing no wage. He doesn't think the company is earning enough to pay him at the moment. He has a vehicle used by him for business purposes but owned by him personally.
He recently opened a fuel account and has been getting the invoices sent to the company. My understanding was that any fuel payment or mileage was a benefit and was paid with a salary, but as he is not receiving one I am at a loss as to how to process it.
I did ask him to check with his accountant but he has not done so yet and the VAT return is due (I did speak to the accountant but if I'm honest I beleive he's more clueless than I about many of the issues faced by this company, and his solution is normally "lets have a period of wait and see" whatever that means??)
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
