Article Database - Topic: 'Dividends' - Keyword: 'Illegal dividends'

 
Need a quick dividend - how can it be done legitimately? Publication date: 08.07.2019
Article database » Dividends » Illegal dividends
You’re one of three directors of a company which usually pays dividends once a year but one of the directors needs the money urgently. The trouble is that two of the directors are out of the UK, so how can a dividend legally be paid?
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Can a dividend ever be too high? Publication date: 16.05.2017
Article database » Dividends » Distribution
When you started your company you took a small salary plus dividends. Your accountant now says because the company’s profits weren’t sufficient some of them were illegal and you might have to pay tax on them. Is he correct?
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When can a new company pay dividends? Publication date: 29.11.2012
Article database » Dividends » Illegal dividends
As a general rule, dividends are the most tax efficient way to get income out of your company. But these can only be paid where you’re making a profit. So what will the Taxman say if you pay dividends from a loss-making company?
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New year, new strategy Publication date: 17.01.2008
Article database » Companies » Dividends
You will already be aware of the benefits of taking an annual dividend in lieu of a bonus from your company, perhaps to cover the cost of Christmas. However, how often can you legitimately take a dividend?
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Dividend waiver II Publication date: 13.09.2007
Article database » Dividends » Illegal dividends
If you share a company with your partner but don’t need to take a dividend does this mean they can take out your share of the profit instead? Or will this create problems with the Taxman?
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Time to increase dividends? Publication date: 16.04.2007
Article database » Dividends » Illegal dividends
For 2007/8, personal allowances are up, the lower rate income tax limit has been extended and NI thresholds raised. Nothing new in that, however, this all has an impact on the dividends you take from your company. Read on.
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The right date for a dividend Publication date: 18.01.2007
Article database » Dividends » Illegal dividends
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?
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A rap across the knuckles Publication date: 12.10.2006
Article database » Companies » Miscellaneous
A rap across the knuckles.. Extreme case. The case of “It’s a Wrap” relates to a claim by a liquidator for the repayment of dividends which had been paid to a shareholder at a time when the company had no distributable profits. The dividends had been paid because the director/shareholder thought this to be a more tax effective way of extracting...
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Due and payable date for dividends Publication date: 21.10.2004
Article database » Companies » Dividends
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?
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