Hi All,
My company tax year runs to 31 March. On the 2nd of April I figured it was a new year and paid myself a £27k dividend. My accountant has just advised me that this falls within the personal tax year which runs to 5 April.
Effectively I have overpaid my allowed dividends for the year by £27k.
Does anyone know if there is a way to reverse this transaction?
My accountant says if I change it to a Directors Loan she will need to resubmit my P11d which will alert HMRC and they will investigate my company.
Has anyone done this in the past? Did HMRC come knocking?
Thanks for your help.
My company tax year runs to 31 March. On the 2nd of April I figured it was a new year and paid myself a £27k dividend. My accountant has just advised me that this falls within the personal tax year which runs to 5 April.
Effectively I have overpaid my allowed dividends for the year by £27k.
Does anyone know if there is a way to reverse this transaction?
My accountant says if I change it to a Directors Loan she will need to resubmit my P11d which will alert HMRC and they will investigate my company.
Has anyone done this in the past? Did HMRC come knocking?
Thanks for your help.
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