Paul Rudin

Great - thanks for the pointer to the guidance... that's clear.

I have a limited company that I use for some software consultancy work. For a long while it's been dormant, but I'm now using it again. I have no taxable personal income in the current tax year, so I want to pay a bonus from the company to myself at the tax free limit. If the company doesn't have the money available at this minute, is there any reason why I can't lend the money to the company, pay the bonus to myself, and then later on, when the company has the money repay the loan?