Tips & Advice You & Your Business

Use a bounce back loan to pay yourself?

Our subscriber’s business recently received a bounce back loan (BBL). The money is sitting in the firm’s account. He wants to know if he can use the money to pay himself so he can pay personal bills. If yes, what are the tax consequences?

Login with your username and password to access this content.

Annual subscription

I'd like to take out an annual subscription for just £342.

Price: £342 + VAT

© Indicator - FL Memo Ltd • Telephone: (01233) 653500 • Fax: (01233) 647100 • •
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ • VAT GB 726 598 394 • Registered in England • Company Registration No. 3599719