Husband and wife companies, salaries/dividends paid into joint accounts?

[mjshrimpton]

NAA but can see no obvious reason why. Without different share type or a dividend waiver the dividends are legally proportional to the shares you have and one assumes you will be doing proper tax vouchers for each of you. No probs on salary, you have after all paid max. tax on that.

I think the assumption is something like the fact that husbands and wives always benefit from each others finances and income regardless, so there is no point in making a pretence at paying them into separate accounts, which obviously you have to do if it is not a recognised relationship (marriage/civil partnership).

I am also NAA.

[xoggoth]

NAA but can see no obvious reason why. Without different share type or a dividend waiver the dividends are legally proportional to the shares you have and one assumes you will be doing proper tax vouchers for each of you. No probs on salary, you have after all paid max. tax on that.

[NadJ]

Anything wrong with this practice?