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Tax Breaks for Directors - Part 2 Director shareholders - 13. Dividends - 13.4. Deferring higher rate tax - 13.4.1. Practical points
13.4.1. Practical pointsWhile it’s rare for HMRC to challenge dividends not properly declared in accordance with company law, it will sometimes look for any backdated dividend. These are not permitted by company law, which required dividends to be declared and approved before they are paid. That is, where a director shareholder draws money from their company and then at a later stage it is decided to treat it as if it were a dividend, HMRC might argue that it was extra salary or a loan. However, company...Click here -
Slash Your Tax for Small Businesses - 5. Taking the profits out of the company tax efficiently - 5.5. Dividends - 5.5.1. Should I pay myself dividends?
5.5.1. Should I pay myself dividends?Yes. Dividends are an effective way to withdraw profits from your company, even following the increase in dividend tax rates.Click here
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