Morning,
My first post here - so go gentle
Rightio then..........
The LTD company I own made 49k last year, seperated into the following categories;
14k Wages
18k Expenses
17k Dividend
Of this 17k dividend I paid the 21% corporation tax, so the dividend paid to share holders (me) was 13.4k.
When I declare the income for last year is it simply 14k wages + 13.4k Dividend?
Or is it 14k Wages + 17k dividend?
Surely the company paid tax on the dividend, it did not go through my tax code therefore I declare the figure I recieved? and not the company profit?
I have also read on the internet about having to pay tax credits on dividend? does that apply to a ltd company? am i doing it wrong?
My first post here - so go gentle
Rightio then..........
The LTD company I own made 49k last year, seperated into the following categories;
14k Wages
18k Expenses
17k Dividend
Of this 17k dividend I paid the 21% corporation tax, so the dividend paid to share holders (me) was 13.4k.
When I declare the income for last year is it simply 14k wages + 13.4k Dividend?
Or is it 14k Wages + 17k dividend?
Surely the company paid tax on the dividend, it did not go through my tax code therefore I declare the figure I recieved? and not the company profit?
I have also read on the internet about having to pay tax credits on dividend? does that apply to a ltd company? am i doing it wrong?
Comment