Will Company Secretary have tax return?

[Burdock]

Hi,

The family member I would like to be my company secretary doesn't currently receive a tax return. If I nominate her as company sec, will she start receiving one? I don't plan to make her a shareholder.

Cheers!

[oraclesmith]

If she receives no income from the company then I guess not.

[Nixon Williams]

Generally only directors will receive one, certainly if she has no income then I cannot see why she would start getting one.

Alan

[KennyG]

What if she receives a very small income from the Company - say £100 per week perhaps - and some Dividends though staying in the lower tax bracket, will she be required to fill in a Tax Return?

[Nixon Williams]

What if she receives a very small income from the Company - say £100 per week perhaps - and some Dividends though staying in the lower tax bracket, will she be required to fill in a Tax Return?

I think you will be oushed to justify a salary of £100 per week and I would avoid splitting the shares until the outcome of the Arctic Systems case is clear.

However, provided she did not have an income in excess of the Higher rate threshold and all her other income was taxed at source, there is no reason to see why she would be issued with a return.

Alan

[KennyG]

I'd imagine a rough 75/25 split of dividends between husband & wife would be acceptable to HMRC, irrespective of the Arctic Systems Case outcome?