Hi I'm quite new to contracting and I seem to come up with more and more questions everyday. These might seem a bit basic, but I would really appreciate some advice.
If I pay the shareholder (me) a dividend out of my companies profits do those dividends need to paid on specific dates in the year (i.e. end of the quarter) or can I chose the dates they are paid ?
Am I entitled to any tax credit on the dividend tax? I read somewhere it was 10% as I have already paid corporation tax.
Does anyone have any example documentation that can be used to issue a dividends pay out ?
Finally, a bit of a side question, as I am the company director and its only employee, if I should take a permanent role in the future can I issue a P45 to myself?
That's it for today............
Advice greatly appreciated.
Gavin
If I pay the shareholder (me) a dividend out of my companies profits do those dividends need to paid on specific dates in the year (i.e. end of the quarter) or can I chose the dates they are paid ?
Am I entitled to any tax credit on the dividend tax? I read somewhere it was 10% as I have already paid corporation tax.
Does anyone have any example documentation that can be used to issue a dividends pay out ?
Finally, a bit of a side question, as I am the company director and its only employee, if I should take a permanent role in the future can I issue a P45 to myself?
That's it for today............
Advice greatly appreciated.
Gavin
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