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Liquidation and DLA

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  • Liquidation and DLA

    Good morning.

    My company we t into liquidation in 2017, I went through a 'friendly' liquidators before I was forced to close.

    My issue is now, my wages went through the DLA and now the liquidators a asking for circa 42000, now, I never took any money via paye, I took over the company from domsome else and continued with the same book keeper and she carried on paying through the DLA and not paye.

    How can I get around this as my accounts have gone through and can't be ammended for the period in question.

    I need help

    Thank you
    Tags: None

  • #2

    From your post I assume that for tax efficiency, rather than take a salary, money was drawn down every month but at the end the Directors Loan Account was overdrawn and declared as a dividend.
    This is backdating a dividend, which is not permitted
    Paying dividends means there is less money to satisfy any creditors if the company goes into liquidation.

    If that is what happened those dividends may be clawed back by the liquidator as procedures and regulations have not bee complied with.
    I would suggest consulting a clued up accountant for advice, as it would seem you need someone to go over your accounts in some depth to try and sort a solution as it would be beyond advice from a forum such as this


    • #3
      Yeah I'm just waiting on him calling me back hopefully get something sorted, could I not raise an invoice for wages and counter it?


      • #4
        Difficult as the invoice would have to be backdated


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