when do I give gordon my Dividend Tax credit ?

[Flat Eric]

I believe you can pay yourself divs monthly then declare it all at year end?

That is my understanding.

[THEPUMA]

No you can't declare it all at the end of the year otherwise there is a benefit-in-kind on the interest you should have paid your company in respect of your overdrawn loan account.

I would recommend declaring dividends in advance or on a contemporaneous basis.

[css_jay99]

No you can't declare it all at the end of the year otherwise there is a benefit-in-kind on the interest you should have paid your company in respect of your overdrawn loan account.

I would recommend declaring dividends in advance or on a contemporaneous basis.

i took the money out at the end of the year after declaration,that was why i was skint for the whole year. that turned out good cos thats what i used to pay off the bit*h Ex. Now I will have to gent skint again to pay off in the tax return.

Can I invest company money in shares or its just worth it. afterrall I'll have to pay 19% Corp Tax and well as extra tax when it comes out of my ltd as a high rate tax payer.