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Post Info TOPIC: DLA treatment
NA_AA


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DLA treatment
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Normally you would allocate items to the DLA account with view that this will be re-paid within 12 months to the director

What happens in the case where the director is not re-paidd within the 12 months?



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Thanks, Nadia.
Shamus


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The treatment is as though the director was repaid and then reinvested the money in the company so basically it remains in the DLA until repaid.

If the director owes money to the company rather than vice versa then this is expected to be repaid within 12 months. Generally this would be sorted out via a yearend dividend.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
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