Hi,
My Limited company year end was the end of May 2012. All the paperwork had already been sent to Companies House at the end of the financial year.
During the 2011/2012 financial year, I "never" paid myself an interim dividend within that period due to various reasons. So the dividend amount for the previous financial year is shown as "0" amount.
I have not sent my self assessment tax return forms for 2011/2012 to HMRC yet.
I have transferred the whole dividend amount for the current tax year (2012/2013).
Now I would like to transfer the dividend amount for the previous tax year (2011/2012) as well without paying the higher tax (%32.5). I had had enough income to cover the dividend amount for the previous year
As I said I do not want to pay myself any interim dividends during 2011/2012 year without pushing my income into the higher tax brack.
Is there any legal way of backdating the dividend amount for the previous year?
Has anyone been in a similar situation? If so, how did you address it?
Regards,
K.
My Limited company year end was the end of May 2012. All the paperwork had already been sent to Companies House at the end of the financial year.
During the 2011/2012 financial year, I "never" paid myself an interim dividend within that period due to various reasons. So the dividend amount for the previous financial year is shown as "0" amount.
I have not sent my self assessment tax return forms for 2011/2012 to HMRC yet.
I have transferred the whole dividend amount for the current tax year (2012/2013).
Now I would like to transfer the dividend amount for the previous tax year (2011/2012) as well without paying the higher tax (%32.5). I had had enough income to cover the dividend amount for the previous year
As I said I do not want to pay myself any interim dividends during 2011/2012 year without pushing my income into the higher tax brack.
Is there any legal way of backdating the dividend amount for the previous year?
Has anyone been in a similar situation? If so, how did you address it?
Regards,
K.
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