Taking Dividend After 5 April But Applying It To Current Tax Year

[Platypus]

I don't believe this is correct. As long as you have a papertrail of Invoices for March and have calculated your Profit and what is available, you can make the declaration.

I'm happy to stand corrected. It was always my understanding that:

Profit = Income - Expenses
Deduct corp tax = profit after tax i.e. the amount available to pay divs
Minus divs already paid = amount available to take as this dividend

Sure, I suppose you could include monies invoiced but not received in Income

My accountant always advised me never to take divs right up to the max, leave about £1k because you might find some expenses weren't in fact allowable.