Apologies if this question has been asked before.
How many timeS a year do you draw dividends from your company's account?
How many timeS a year do you draw dividends from your company's account?
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One a monthOriginally posted by cailin maithHang on - there is actually a place called Cheddar??
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Would it not look dodgy in the eyes of HRMC?Originally posted by FSM with Cheddar View Post
I've never taken divs more than 2-3 times a year as I was under this impression.Comment
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Once or twice. Depends how greedy the director is feeling..."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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2/3 times a year.
Is that the right answer?Comment
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You can take divs as many times as you want, as long as you do the paper work.Originally posted by Le Rosbif View Post
It was the first year of my company, so need the regular money, but will slow down to less now.Originally posted by cailin maithHang on - there is actually a place called Cheddar??Comment
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twice a year. just took one a couple of weeks ago and will take another just before the end of the financial year.Comment
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Truly you can take them every day if you feel so inclined, provided the parperwork is properly in order. There is a large body of opinion that says "ooh hmrc might see that as salary". It ballcocks.
If you are in a position of being investigated, frequency of dividends is the least of your problems.
BTW how do HMRC know about the frequency until they have started an enquiry and you have to provide the paperwork in response to a specific question?Comment
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Is there anymore paperwork required other than declaring them in the Final Year accounts and Self-Assessment?Originally posted by ASB View PostComment
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1) Tax voucherOriginally posted by Le Rosbif View Post
2) Minutes of shareholder meeting when the dividend was declared.
Seek professional advise since I am not qualified to give this but that's what I produce.
HTHComment
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