Advised to pay my PAYE (owing income tax) from personal account & then reimburse from company

Hello,

My accountant advised me to pay my PAYE tax owed from my personal account & then get it reimbursed by the business (I am a LTD co.) This has now been paid but how do I now show this correctly in Quickfile to ensure it shows/reflected under PAYE coding & an amount owing to Directors loan account.

Thanks in advance

Enter the money out (going to HMRC) on your DLA account. Now when you reimburse your personal account from the LTD account tag that money out on the LTD account as a transfer to the DLA, thus netting off the earlier entry.

Thank you Glenn :smile:

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