Two related but different questions...
Is it possible to declare a dividend for my company on 1st April (company year runs April-March) but actually withdraw the money today/tomorrow?
Is it possible to receive personal income in the next couple of days but defer it to count towards the tax year starting 6th April?
Basically I have maximised my personal income for 2012/13 but could do with getting a few grand more into my personal account this week as I am away all next week on holiday. As well as not wanting to pay higher rate tax, it is better having it on the books as 2013/14 so I don't have annual accounts that fluctuate too much (tricky with mortgages).
For the sake of a few days, is there an easy answer or a cast-iron rule and I just need to accept that?
Is it possible to declare a dividend for my company on 1st April (company year runs April-March) but actually withdraw the money today/tomorrow?
Is it possible to receive personal income in the next couple of days but defer it to count towards the tax year starting 6th April?
Basically I have maximised my personal income for 2012/13 but could do with getting a few grand more into my personal account this week as I am away all next week on holiday. As well as not wanting to pay higher rate tax, it is better having it on the books as 2013/14 so I don't have annual accounts that fluctuate too much (tricky with mortgages).
For the sake of a few days, is there an easy answer or a cast-iron rule and I just need to accept that?
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