Dividend Paperwork post 5th April 1016

[FarmerPalmer]

Currently we need to retain board minutes declaring dividends within the company records, and provide dividend tax vouchers to each shareholder.

With the abolition of the tax credit in the 2016/17 tax year, what are the requirements for issuing to shareholders, if any, as there is no tax credit.

I was thinking of issuing vouchers as before, but with £0 tax credit, as evidence of dividend payment being received.

[TheFaQQer]

Same paperwork requirements, but no need to record something that isn't valid any more.

I posted an example on the IPSE forums the other day, including a spreadsheet to generate the minutes and paperwork for you (works for up to five shareholders).

[VectraMan]

April 1016? You must be older than we thought.

I've never done vouchers just the minutes (as advised by my accountant). I've never received a voucher for any other company I have/had shares in either.

[craigy1874]

Really?

April 1016? You must be older than we thought.

I've never received a voucher for any other company I have/had shares in either.

I find that very strange.

[SueEllen]

I've never done vouchers just the minutes (as advised by my accountant). I've never received a voucher for any other company I have/had shares in either.

Depends on your share dealing platform.

Some companies don't bother giving specific vouchers but if you log into your account you can see a detailed list of transactions.

While other companies give electronic vouchers or send them out by post.

Personally writing electronic vouchers takes a few minutes once you have a template to copy. (And yes you can check when documents are created.)