Martin Mich
Joined: 12/22/2021
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Childcare expenses paid by UK company on behalf of sole owner
Dear Sir, Dear Madam, Can a UK company be used to payment for nursery costs on behalf of it's sole owner? Under what circumstances could this be a legitimate business expense? I'm concerned that this lowers the company profit and thus the company tax, avoid making a distribution or lowers pay to the owner thus lowering individual income tax. So I would not want anyone to do this if it is not allowed. My son's mother is looking to do this - I'd like to give her advice so that she does not make a big mistake. Thanks and kind regards,
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