Hello Everyone,
Is it acceptable to do the following:
To transfer money from a limited company bank account to buy NS&I Premium Bonds. The Premium Bond account is named with the name of the company director. However, the bond account is used solely and exclusively for the holding of company funds. Would HMRC recognise the use of a bond account in this manner as an ‘investment account’?
If this is not acceptable, is there any other acceptable method in order to invest company money rather than leave it in an account that doesn’t earn any interest?
Thank you in advance!
Jamie
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