Transactions between a Company and its Directors - Accounting, Legal and Tax Implications

The correct accounting treatment and disclosure of transactions with directors remains a difficult and complex area. The legal and taxation implications are areas which often cause difficulties for practitioners.

Content will include the following:

• Legality of transactions – particularly loans and substantial property transactions
• Legality of dividends
• Companies Act disclosure requirements for advances, credits and guarantees
• Related parties – disclosure issues in FRS 102 and FRS 102(1A)
• FRS 102 – accounting treatment of loans from directors
• Tax implications of transactions involving directors including financial instruments
• A case study

The content for online courses predating 2020 may vary.