Paying salary and dividends question

[Mustang]

Of course dont forget the fact that you can declare a dividend quarterly but draw it montly. ie. In April declare a dividend of £3000 and draw £1000 in April, £1000 in May and £1000 in June. That saves on the paperwork since you only need to produce one tax voucher and hold one Directors meeting to declare the dividend.

HTH

[Bigbird]

If you were investigated and lost, what would happen to the Corporation Tax you would have already paid?

My understanding is that the CT would be set off against any tax determination raised, because increasing the level of your salary would be an increased cost to the company leading to decreased profits and therefore decreased CT liability.