Forum

• # 81229
• Mon 26 Mar 2012 07:36 PM

I have just taken on a new client (Ltd company) who I will be completing VAT returns and figures up to trial balance etc.  He hasn't appointed n accountant yet and has asked me if I can find an answer to the following question?

If a new director is appointed to the company is there a document showing the new director share split avaialble and a document detailing ownership of a van etc.

Any guidance on what appears more of an admn issue would be appreciated.

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• # 81241
• Mon 26 Mar 2012 11:22 PM

Hi

From what I understand their question to be:

A director appointment (AP01) is a separate form/transaction to a new share allocation.  A director of course doesn't have to be a shareholder.  If shares are to be allocated to a new person/co then your new client should seek the advice of an accountant who could advise on any tax issues arising from the possible sale of the current director's shares.

Any changes should be minuted as extra evidence, making clear the situation.

Re the van, surely just a signed contract would do?

Regards

Andrew

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