Self-Assesment: "Dividends from UK companies"

[ladymuck]

Yep, it's well worth paying your accountant to do your first self assessment, around £100 as a one off fee IIRC.

You can then see how it was completed and if your circumstances stay roughly the same in terms of sources of taxable income you can decide whether to do it yourself depending if you can get your head around it easy enough.

I took this approach and so far the online version has been a piece of piss as I just have the standard salary, divis, bank interest, pension payments to get the appropriate figures for. Takes me about 10 mins tops to enter the relevant info and click submit.

Just got to watch out for any annual tweaks they make to the content which if too daunting would have me going back to my accountant with my tail between my legs.

I have to say, I did this too when I first started trading. Although do check your accountant's work. Mine added in medical insurance I used to get from an ex employer I had left two years before I started trading. When I challenged it, the accountant said "HMRC told me to add it" and swiftly removed it when I corrected him. I then took to doing it myself

[NotAllThere]

In the Section 4 there is "Dividends from UK companies".

Do I enter the dividend made to me from my own Ltd company here?

Are you a UK company?

Yes my company is a UK LTD company.

Then yes - that's where you enter it. Just as you would enter dividends from any other UK company. You and your company are entirely distinct legal entities.

[Hobosapien]

Why isn't your accountant doing this for you anyway? This is the point you could end up in trouble so really need it doing properly.

Yep, it's well worth paying your accountant to do your first self assessment, around £100 as a one off fee IIRC.

You can then see how it was completed and if your circumstances stay roughly the same in terms of sources of taxable income you can decide whether to do it yourself depending if you can get your head around it easy enough.

I took this approach and so far the online version has been a piece of piss as I just have the standard salary, divis, bank interest, pension payments to get the appropriate figures for. Takes me about 10 mins tops to enter the relevant info and click submit.

Just got to watch out for any annual tweaks they make to the content which if too daunting would have me going back to my accountant with my tail between my legs.

[Gomez]

BTW.. Weren't you the first Canadian to walk in space? Bit of a fall from grace from that to filling in your own Self Assessment innit?

[ChrisHadfield]

There's a rogerfederer on this forum so might as well have an astronaut.

One that is learning.

[northernladuk]

BTW.. Weren't you the first Canadian to walk in space? Bit of a fall from grace from that to filling in your own Self Assessment innit?

[northernladuk]

You really need to understand your relationship between your company and you as person. Having a clear understanding would mean you wouldn't need to ask this.

Why isn't your accountant doing this for you anyway? This is the point you could end up in trouble so really need it doing properly.

[ChrisHadfield]

Sorry I am doing this for the first time so unfamiliar with the process.

Yes my company is a UK LTD company.

[NotAllThere]

Where else would you put it?

[SimonMac]

Hello all,

I am completing the self-assesment form for 17-18.

In the Section 4 there is "Dividends from UK companies".

Do I enter the dividend made to me from my own Ltd company here?

Are you a UK company?

[ChrisHadfield]

Hello all,

I am completing the self-assesment form for 17-18.

In the Section 4 there is "Dividends from UK companies".

Do I enter the dividend made to me from my own Ltd company here?