Re: GB2RS NEWS Sunday 3 April 2011 (RSGB General Manager gone).


"Jeff" <jeff@xxxxxxxxxxxx> wrote in message
news:in6urd$33h$1@xxxxxxxxxxxxxxxxxxxx
On 02/04/2011 11:40, M0WWS wrote:
"Jeff"<jeff@xxxxxxxxxxxx> wrote in message
news:in6tbv$v0c$1@xxxxxxxxxxxxxxxxxxxx

If the Board were indeed aware of private use of a company credit card
and did nothing about it, they have not discharged their
responsibility to the members who elected them. No Board should allow
employees to behave in such a manner whether for one year or four.

There may well have been an arrangement the he was actually allowed to
use
the card for personal purchases. Of course on the understanding that the
debt to the company was repaid.

I don't think HMRC would be in on such an understanding.



They would have no interest whatsoever. Directors loan accounts are an
everyday occurrence. The monies are not income, they are a loan from the
company, that is the person actually owes the company a debt.

Signing off your own personal expenses on a company card is not a directors
loan - it's a taxable allowance, HMRC will be very intyerested in that. The
only ligitimate way to transact a personal loan is by cashing a company
cheque. If this is what happened then whoever signed the cheques should be
resigning along with Mr K..


.

Relevant Pages

  • Re: "cheques" in junk mail
    ... I often get a blank cheque from a well known credit card to take ... out a loan. ... I always complain bitterly about this lax ... I receive at least one letter per month from any of my credit card ...
    (uk.legal)
  • Re: "cheques" in junk mail
    ... I often get a blank cheque from a well known credit card to take ... out a loan. ... I always complain bitterly about this lax ... I receive at least one letter per month from any of my credit card ...
    (uk.legal)
  • Re: "cheques" in junk mail
    ... being that you convert this cheque to a loan at an extortinate ... Does it give the name and address of a real bank and is it signed? ...
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  • Re: "cheques" in junk mail
    ... M James Hunt wrote: ... I received a piece of junk mail that had a cheque in it (the idea ... out a loan. ...
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  • Re: Loan from my Father
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