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  • The treatment of director’s loan accounts in administration or liquidation: Can DLAs be reclassified as remuneration?

The treatment of director’s loan accounts in administration or liquidation: Can DLAs be reclassified as remuneration?

Dipesh Dosani of Lincoln & Rowe examines a recent case which reveals the dangers of the treatment of a Director’s Loan Account and the risks to directors of trying to re-categorise these accounts as salary payments, including the potential for penalties and possibly even a charge of tax evasion.