Can I Use a Business Credit Card for Personal Expenses?

Using company funds for personal expenses is considered a withdrawal. While it is not illegal if repaid promptly, frequent withdrawals create extra work for bookkeeping and carry tax implications.

Key considerations:

• Keep detailed records of withdrawals and repayments, including dates and amounts.
• Any outstanding balances at year-end may be treated as taxable income by HMRC.
• Minimising personal use of company funds helps simplify your accounts.