I have 4x shareholders. I`m happy to pay out 2x of the shareholders per quarter but the other two I want to pay out per month- Can I do this ?
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Paying out Div`s- Timings
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Originally posted by contractor55 View PostI have 4x shareholders. I`m happy to pay out 2x of the shareholders per quarter but the other two I want to pay out per month- Can I do this ? -
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If I have to declare the DIV`s at the same time, can I withhold the actual payments of two of them until each 1/4. From a HMRC point of view, I would like to keep two DIV`s at per 1/4 so it does not look like a wage as per many suggestions. However I presume since I declare them per month HRMC will view it as per month though I delay payment or is it on payment dateComment
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If you have sufficient profits and everything is amicable, you could declare all dividends quarterly in advance then pay some out monthly and some quarterly.
PUMAComment
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Originally posted by contractor55 View Postall 4 x shareholders hold the same type , just different %
As an aside, why do you have 4 shareholders?Comment
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Originally posted by contractor55 View PostIf I have to declare the DIV`s at the same time, can I withhold the actual payments of two of them until each 1/4. From a HMRC point of view, I would like to keep two DIV`s at per 1/4 so it does not look like a wage as per many suggestions. However I presume since I declare them per month HRMC will view it as per month though I delay payment or is it on payment date
PUMAComment
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Originally posted by contractor55 View PostIf I have to declare the DIV`s at the same time, can I withhold the actual payments of two of them until each 1/4. From a HMRC point of view, I would like to keep two DIV`s at per 1/4 so it does not look like a wage as per many suggestions. However I presume since I declare them per month HRMC will view it as per month though I delay payment or is it on payment date
And there is no rule about how often you can declare dividends."You’re just a bad memory who doesn’t know when to go away" JRComment
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Why do you have 4 shareholders? Are you sure it all looks above board should you be investigated or have you just dished them out ot your family to keep your tax liabilities to a minimum?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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