Should we be paying out dividends before the Autumn Statement?

[Lightwave]

Would it we as well to get as much cash out of MyCo now, in case any more rules change with immediate effect?
I normally take a divi towards the end of the tax year.

[northernladuk]

Well they probably won't change until April so don't think there is a need to panic. That said if your warchest is big enough there is an argument you should be taking Max divis early and stick it in an account paying some interest. Their systems won't be ready to handle an immediate change to some of the fundamental processes like divs.

Although contracttax did suggest ER might cease immediately or something like that. Who knows.

[LucidDementia]

Well they won't change until April so don't think there is a need to panic. That said if your warchest is big enough there is an argument you should be taking Max divis early and stuck it in an account paying some interest.

Although contracttax didnauggwst ER nigh cease immediately or something like that. Who knows.

Say what now?

[northernladuk]

Say what now?

You gave me 10 seconds to read and re-edit it. You want an award or something?

[LucidDementia]

You gave me 10 seconds to read and re-edit it. You want an award or something?

If there's one going, sure.
I just happened on it while it was gobbledygook. Don't get shirty luv.

[TheFaQQer]

Although contracttax did suggest ER might cease immediately or something like that. Who knows.

The suggestion was (and I've seen it elsewhere as well) that if ER changes, then the change would be immediate rather than waiting until the new tax year.

[ContrataxLtd]

The suggestion was (and I've seen it elsewhere as well) that if ER changes, then the change would be immediate rather than waiting until the new tax year.

Exactly, IF it changes it will probably be done immediately.

I can't see anyway that they will apply a dividend tax change part way through the year, if they did I'd give NLUK a years free accountancy fees...........

[northernladuk]

Exactly, IF it changes it will probably be done immediately.

I can't see anyway that they will apply a dividend tax change part way through the year, if they did I'd give NLUK a years free accountancy fees...........

I've suddenly changed my mind on all this. Come on Osborne. Stick it to 'em!!

[BolshieBastard]

Its a November Statement not a Budget Statement so I dont see anything taking immediate effect.

[MPwannadecentincome]

Exactly, IF it changes it will probably be done immediately.

I can't see anyway that they will apply a dividend tax change part way through the year, if they did I'd give NLUK a years free accountancy fees...........

taxing of Dividend changes affect pension pots and stock market share holders too, I don't think an immediate change would go down very well, besides if there was an immediate change nobody would be able to update their systems quickly enough to account for it, leaving a huge mess needing corrections later.