tax form/dividend income

[hugebrain]

If a company is not caught by ir35 and paid out dividends, what does the director need to put on their tax form for question 10.15-10.17?

Is it just the amount of dividend paid in the Dividends/distribution column, or do you need to put something in the tax credit column as well?

Or does it go somewhere else on the income tax form entirely?

[Debbie Reinvented]

tax form/dividend income

amount received is the net dividend and goes in the first column

1/9th of that is the tax credit and goes in the tax credit column

total of the two is the gross dividend and goes in the third column.

It is the gross dividend that is added to your total income. If your total income exceeds £34.5k then the excess will be taxable at higher rates.

[hugebrain]

tax form/dividend income

Thanks very much!

[Debbie Reinvented]

tax form/dividend income

no probs. glad I could help

[sq1]

tax returns

Would you consider doing our tax returns, and if so how much would you charge?

[Grinder]

Wow, 5 year old post and no longer a member. Is it really that hard to find an accountant?