Hi,
For the last 18 months I've always paid myself the same dividend amount each month and paid it to myself each month on the same date as my salary from my ltd co.
In a recent review with my accountant she suggested that I should vary the amount of my dividends each month and vary the date I pay it in case HMRC review my accounts. I was just wondering if anyone else had received this advice? Or if they did vary their dividend amount/payment date each month?
Personally I don't think HMRC are under any illusion that directors pay themselves dividends as a form of income/salary because of the lower tax rate. They're more likely to look at the engagement with the client for IR35 status.
Thanks,
For the last 18 months I've always paid myself the same dividend amount each month and paid it to myself each month on the same date as my salary from my ltd co.
In a recent review with my accountant she suggested that I should vary the amount of my dividends each month and vary the date I pay it in case HMRC review my accounts. I was just wondering if anyone else had received this advice? Or if they did vary their dividend amount/payment date each month?
Personally I don't think HMRC are under any illusion that directors pay themselves dividends as a form of income/salary because of the lower tax rate. They're more likely to look at the engagement with the client for IR35 status.
Thanks,
Comment