Director had a mishap during work & needs a knee operation. Due to length of wait for NHS treatment we have decided to go private. How would I post this as an expense?
It’s not allowable as an expense that the company can claim it. Post to directors loan account.
Yes it is because it is an industrial injury
Hello @Sneeze
I would reccomend seeking professional advice from your accountant as the support team are not registered accountants.
If you need to you can create a new nominal code in your chart of accounts, HERE is the support article.
This is my question - I’m not asking if I CAN do it I’m asking where to put it. Is it a direct expense or an overhead, maybe a liability??? If I put it in the wrong place the algorithm will make the wrong calculation.
Hello @Sneeze
As the support team are not registered accountants, we would not make that decision for you. If you are unsure where it post an entry, I would reccomend speaking to an accountant for professional tailored advice.
It’s an overhead, I would put it in staff costs. Bear in mind that depending on the nature of the accident, and whether it was “work-related” as opposed to just “at work” there may or may not be a taxable benefit assessable on the director. EIM21770 - Particular benefits: operational risk injuries and occupational diseases - HMRC internal manual - GOV.UK
This is really useful, many thanks. I’ll add it to the chart of accounts under overheads.
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