Do you put dividend payments on P11D ??

[eliquant]

This is my 1st year I've actually set up my Limited company and actually paid myself dividends, it is P11D creation time for tax year 2008/09, but I was just
wondering do you declare dividend payments to yourself on the P11d ? (like you do with company loans to yourself ?).


Thanks in advance

PS: I've previously used umbrellas and the limited company I had 10 years ago, I never paid myself dividends only a big bonus at the end.

[Little'Old Me]

No

Dividends are paid out of the income of the company (after corporation tax). They have a 10% tax credit, so if you are a basic rate tax payer you have no more tax to pay. P11d's are to declare Benefits In Kind (BIK) etc paid..... There is no BIK on a dividend. If you had shares in BP, and they paid you dividends, you would not expect them to put it on a P11d .

The dividend is your "investment" income which goes on your tax return.

[eliquant]

ah ok many thanks.

[ASB]

Dont forget that if your divis + tax credit + salary etc if over the basic rate band then there is extra personal tax to pay of 25% of the net dividend in the higher rate band.