Hi - I have just rapidly opened a ltd. as I have a contract to begin in a couple of weeks. HOWEVER - it looks like it will take a while to get a company bank account (HSBC) - because it
seems that HSBC, LLoyds, etc. are inundated with new applications right now.
- Im aware that there may be pitfalls in using a personal account (such as getting paid to my personal account not a company named account).
But I can easy open a new personal account online to keep transactions seperate from my personal stuff (I think Halifax lets you open up to 16 !)
- My question is that if I were to use a personal account, then would HMRC / Companies House accept end of year accounts with bank statements
from a personal, not company, account ? (obviously everything would be itemized and receipted). Is this even legal ?
( My bank would not need to know because there would only ever be 2 or 3 transactions a month ).
Can I make PAYE payments, dividend payments, annual statements, etc. from a personal account ?
- I had a Ltd for about 3 years and closed it last year (DS01 etc.) but always had a (LLoyds) business bank account -
but right now their website says they are not even taking any new applications !
Thanks!
seems that HSBC, LLoyds, etc. are inundated with new applications right now.
- Im aware that there may be pitfalls in using a personal account (such as getting paid to my personal account not a company named account).
But I can easy open a new personal account online to keep transactions seperate from my personal stuff (I think Halifax lets you open up to 16 !)
- My question is that if I were to use a personal account, then would HMRC / Companies House accept end of year accounts with bank statements
from a personal, not company, account ? (obviously everything would be itemized and receipted). Is this even legal ?
( My bank would not need to know because there would only ever be 2 or 3 transactions a month ).
Can I make PAYE payments, dividend payments, annual statements, etc. from a personal account ?
- I had a Ltd for about 3 years and closed it last year (DS01 etc.) but always had a (LLoyds) business bank account -
but right now their website says they are not even taking any new applications !
Thanks!
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