Cash payment to Director of a Private limited company


This query is : Resolved 

Quick Summary
This discussion addresses whether a private limited company can pay its director a monthly salary of £10,000 in cash. It confirms that cash payments are permissible. The conversation also touches upon the tax implications of such payments and the necessary documentation, like invoices or bills, required to record these transactions in the company's books of account.

15 February 2023 1.Can we pay in Cash to a Director of a private limited company ?

The salary is 10K Per month

2. Will that include any type of taxes ?

3. Do I need to show any invoice or Bill against that Cash payment?

15 February 2023 Yes you can pay 10000 cash per month. No issues

15 February 2023 How will I show that in the books of account? Should I attach a bill ?


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