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Post Info TOPIC: RTI and directors' salary
clairet


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RTI and directors' salary
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Hello everyone

I know that a director can't pay themselves their salary before the RTI return is submitted, but what happens if they don't pay themselves afterwards either (due to cash flow issues)? Can it just be added to the director's loan account "pot", to be drawn from later?

Thanks in advance!

Claire



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Shamus


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Hi Claire,

yes.

The salary is simply paid directly to the DLA.

I know that there's more work out there now but I'm seeing a lot of that this year where directors are building up reserves using this years personal allowances to take out of the company in future years when things are better.

kind regards,

Shaun.

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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.
clairet


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That's great - thanks very much for your reply Shaun.

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