With the end of the tax year just a few weeks away you might be planning to draw extra salary or dividends from your company to maximise tax efficiency. What steps must you take to ensure payment
falls in the right tax year?
Published 04.03.2019
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
In 2020 our subscriber’s company received a windfall and he wants to extract the profit as soon as possible. A colleague has told him that he can escape UK tax by spending time abroad and taking the
money while away. Is this correct?
Published 07.01.2021
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
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
Coronavirus has played havoc with dividends as a profit extraction method for owner managers of some companies and may have put them at a tax disadvantage for some time to come. How might a similar
situation be avoided in future?
Published 01.06.2021
Dividends are generally the most tax-efficient form of income you can take from your company but they can only be paid out of profits. Despite this, might there be a way for your loss-making company
to pay you a dividend?
Published 17.04.2024
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
If you run your own company and plan to retire, the usual strategy is to sell or wind it up and take the money. However, changes to the tax rules in 2016 might make it more tax efficient to keep the
company going. Why?
Published 11.01.2016
The Taxman may challenge dividends not properly declared and paid in accordance with company law formalities. However, there are ways to sidestep most of his current arguments. What are these?
Published 21.10.2004