Dividend payment timing

[MyUserName]

If I pay a dividend now and it arrived in my account after April 6th (due to taking a few days to move through the banking system) would it be considered to be part of 2011-2012 tax year or 2012-2013?

[Clare@InTouch]

It depends what the voucher says. If it's dated in 2011/12 the dividend will apply to 2011/12, regardless of when it hits your bank.

[MyUserName]

Ah, the paperwork date is the date of the meeting or can I forward date it to next financial year (and not pay that 40% tax) and start the bank transfer now?

[northernladuk]

Why don't you just wait 3 days and do it properly?

[SueEllen]

Ah, the paperwork date is the date of the meeting or can I forward date it to next financial year (and not pay that 40% tax) and start the bank transfer now?

It's not hard.

The date of the meeting where you announce your dividend is the tax year the dividend falls in.

Have a look at directors loan accounts. Just make sure you pay it back on time and don't take out too much.

[MyUserName]

Why don't you just wait 3 days and do it properly?

Under considerable pressure from the other half to get the money ASAFP so I thought I would check!

The date of the meeting where you announce your dividend is the tax year the dividend falls in.

Thanks

[JamJarST]

Under considerable pressure from the other half to get the money ASAFP so I thought I would check!

[northernladuk]

Under considerable pressure from the other half to get the money ASAFP so I thought I would check!

I assume when you say your other half you mean your ex wife who wants some payment off you quick. If it is your current partner then tell her to **** off and that you run a business. Without this business she wouldn't have the money to make you get out.

[Scrag Meister]

I'll be transferring Fing 27k on Friday, just wait until Fing Friday, that is "ASAFP" to do it 100% Fing properly.

Tell her it's coming on Fing Friday. Is she a director/shareholder, if not tell her to mind her OFB.

Saying that my business and personal banking is at the same bank, so it only takes a blink of an eye for it to arrive.

[Clare@InTouch]

Ah, the paperwork date is the date of the meeting or can I forward date it to next financial year (and not pay that 40% tax) and start the bank transfer now?

No - you'd be better to take a short term loan until Friday, and then repay the loan with a properly dated dividend.