Dividend today

[xoggoth]

in case the new Div tax is applied retrospectively

FTFY

[PurpleGorilla]

Retrospective would be spiteful.

[Zero Liability]

Retrospective would be spiteful.

I doubt it'll be immediate or retrospective. Could happen but unlikely IMO. A hit to ER, on the other hand, seems increasingly probable.

Guess it doesn't really hurt to draw down today anyway though.

[scooterscot]

I operate via cash accounting. Why would I use a Ltd company, so messy.

[Mikeoc1962]

I take my full year's dividend out at the start of the year so not relevant to me.

I think it's unlikely to be with immediate effect.

[MarkT]

I take my full year's dividend out at the start of the year so not relevant to me.

I think it's unlikely to be with immediate effect.

Snippets from the speech being leaked:

".....any profit above a standard salary of £25kpa will be subject to 100% taxation, in perpetuity. This will apply to all PSC directors, their families, their bits on the side, their dogs and their relatives going back from 25 years of the date of this review....."

"..... according to HMRC records, it was brought to the government's attention that dogs have been avoiding all taxes for far too long, it is only fair that we all share the burden, so dogs will now be taxed at 50% of all future earnings...."

".....none of these measures shall apply should a significant donation to the Conservative party be made by the PSC, by the end of the tax year...."

[SpontaneousOrder]

Just backdate your voucher accordingly and apply the correct date to the credit in your directors account.

[PurpleGorilla]

Snippets from the speech being leaked:

".....any profit above a standard salary of £25kpa will be subject to 100% taxation, in perpetuity. This will apply to all PSC directors, their families, their bits on the side, their dogs and their relatives going back from 25 years of the date of this review....."

"..... according to HMRC records, it was brought to the government's attention that dogs have been avoiding all taxes for far too long, it is only fair that we all share the burden, so dogs will now be taxed at 50% of all future earnings...."

".....none of these measures shall apply should a significant donation to the Conservative party be made by the PSC, by the end of the tax year...."

Double tax hit for dogs?

[MrMarkyMark]

Double tax hit for dogs?

Chimps too, so I heard

Extra money going to the boomers.

[northernladuk]

"..... according to HMRC records, it was brought to the government's attention that dogs have been avoiding all taxes for far too long, it is only fair that we all share the burden, so dogs will now be taxed at 50% of all future earnings...."

Bah, they must have read my thread.

http://forums.contractoruk.com/accou...ml#post2171680

That's going to impact a number of people it appears, even if they work in Belgium.

http://forums.contractoruk.com/accou...k-maybe-5.html

http://forums.contractoruk.com/accou...-security.html

Soooooo, if you have a UK LTD, send your employee (you) to Belgium to work clutching his LIMOSA paperwork, he will have to pay tax and SS based on his local salary. Your company however, having its centre of economic interest in the UK will only have to declare its income to Gordon and his mates. You of course may have to demonstrate that this is so, but assuming your wife/daughter/son/partner/dog is also a director, and you issue an odd invoice for some other work to a.n.other company, you can then show that indeed your UK LTD is in fact a bona fide UK based company with a clear centre of economic interest in the UK. You may however, have problems if you are a sole director, live in a bedsit, and never do any other work.