You can easily find yourself in a Catch 22 position when, on the one hand, trying to save your company tax and, on the other, aiming to reduce your own self-assessment tax bill. Is paying yourself a
larger bonus a solution?
Published 13.10.2010
The director shareholders control a company’s dividend payments but the rules that determine when they are taxable vary depending on the type of dividend. How can you ensure they are taxed at the
right time for maximum efficiency?
Published 22.09.2020
The Taxman may challenge dividends not properly declared and paid in accordance with company law formalities. However, there is a way to sidestep most of his arguments. So what do you need to do?
Published 18.01.2007
HMRC makes a big issue in its instruction manuals about the difference between interim and final dividends. But in practice does it really matter and should you be taking steps to amend your
procedures?
Published 05.09.2013
Just before the end of the tax year you drew some cash from your company’s bank account for personal use. Now we’re in another tax year you intend to treat the payment as a dividend. When will you
have to pay tax on it?
Published 26.11.2018
Your accountant is finishing work on your company’s accounts. He suggests paying a dividend to cover payments your company made last tax year which will otherwise be taxed as benefits in kind. Will
this cause trouble with HMRC?
Published 13.06.2018
HMRC applies special PAYE rules to directors’ bonuses. These aim to collect tax and NI at the earliest opportunity, even before the directors get paid. Is there a legitimate way to dodge the rules
and defer paying HMRC?
Published 02.02.2017
Your company’s financial year is ending soon and projections point to a reasonable profit. If you draw this as a dividend, you’ll pay higher rate tax, whereas your spouse would only pay at the basic
rate. Can you simply shift the income to them?
Published 26.11.2010
The end of the tax year is approaching and you want to make full use of the 8.75% tax rate that applies to dividends. How can you work out how much dividend you can take and ensure its payment before
the tax year ends?
Published 20.02.2024
As a director of a small company you can more or less say how and when you would like your salary paid. The trouble is your total income varies each year which makes it tricky to decide what salary
to take. Is there a way around this?
Published 16.10.2018