p11d and expenses as yet unpaid

[spencergate]

Can anyone answser this quick question for me please?

Director of a Ltd company has put in claims over the year 2009-10 for some expenses. Some of these were paid, but to ease pressures on cash flow, he hasn't taken payment for them.

Currently the outstanding amount sits in the accounts as a loan from the director.

What should appear on the P11d? I'm pretty sure it should be the amount that the company has actually paid him?

[David Griffiths]

But if it's credited to the loan account the company effectively has paid him. I think that the expenses should be included.

[spencergate]

But if it's credited to the loan account the company effectively has paid him. I think that the expenses should be included.

Hmm I see your point. Any other opinions either way ?

[elainec100@cheapaccounting]

Hmm I see your point. Any other opinions either way ?


I agree with David - he is often correct :)

[spencergate]

I agree with David - he is often correct :)


I know, he has given much sage (as in wise, no reference to trading name intended) advice on here in the past .

Ok, that makes the job simpler. Thanks guys

[TheAccountancyOffice]

Most definitely considered as paid if credited to the Directors Loan account - even if cash not physically paid out from the bank.