Hello all,
I am currently contracting and looking to start up a new company with my mother as a 30% shareholder. She is unemployed and I may ask her to look after my financials and invoicing etc in return for dividends or may just gift them to her because she's lovely.
Is this something the HMRC can chase me for?
Obviously if they were to spy on me and watch her hand me back £x in cash every month then it would look suspect but is there any issue with the above?
Thanks
SM
I am currently contracting and looking to start up a new company with my mother as a 30% shareholder. She is unemployed and I may ask her to look after my financials and invoicing etc in return for dividends or may just gift them to her because she's lovely.
Is this something the HMRC can chase me for?
Obviously if they were to spy on me and watch her hand me back £x in cash every month then it would look suspect but is there any issue with the above?
Thanks
SM
Comment