Originally posted by ratewhore
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Dividend to only one shareholder
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Dividend to only one shareholder"
Collapse
-
-
Of course, you could change the shareholders or shareholdings then pay the dividend after that
Leave a comment:
-
Originally posted by moorfield View PostDividend waiver is a big NO NO I thought.
But I may be wrong phone HMRC on 0800 788 887 and ask them.
Ultimately if it is a settlement (and that is open to debate) then it is potentially charged to the settlors SA (which would presumably be the other shareholder).
The only point at which this is likely to reduce the overall tax receipts is if the settlor is a higher rate taxpayer and the OP isn't. This could of course be the case.
In any event this make no difference as to whether you can do it or not, simply what the tax consequences of it might eventually be.
Some HMRC guidance is here.
http://www.hmrc.gov.uk/manuals/tsemmanual/TSEM4220.htm
Leave a comment:
-
Originally posted by ASB View PostYes it is. The other shareholder will need to agree to a dividend waiver first. Also it could be viewed as a bit of a red rage to a bull in terms of the settlements legislation in general. This may or may not be a problem depending upon your circumstances.
But I may be wrong phone HMRC on 0800 788 887 and ask them.
Leave a comment:
-
Originally posted by Iron Condor View PostMy company has two shareholders owning the same class of share.
I need to pass a divi but only to one of the share holders on a one off basis.
Had i known i needed to do this in advance i would have stuctured the shares differently..
Does anyone know if it is possible to do this.
Leave a comment:
-
Dividend to only one shareholder
My company has two shareholders owning the same class of share.
I need to pass a divi but only to one of the share holders on a one off basis.
Had i known i needed to do this in advance i would have stuctured the shares differently..
Does anyone know if it is possible to do this.Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: