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Dividend earnings distribution - company year/financial year

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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skoppuravuri
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Posts: 8
Joined: Wed Mar 24, 2010 12:51 pm

Dividend earnings distribution - company year/financial year

Post by skoppuravuri » Mon Jul 09, 2012 10:26 pm

Hi,

My Limited comapny year is 01 may 2012 to 30 Apr 2013
I have extension on 04 Dec 2013.( last 15 months Sep 2012 - Nov 2013)
I have taken dividends in Apr 2013- 36000 net after tax.

Could anyone please help and let me know how dividend earnings distributed and considered by UKBA
1) Is 36000£ is income for month March 2013 ?

2) Is 36000£ distributed equally for 12 months in company period (01May 2012 - 30 Apr 2013) ?

3) Is 36000£ distributed to equally for 12 months in fiancial year (Apr 2013- Mar 2014)?


cheers,
KS

tier1_aspirant123
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Posts: 148
Joined: Tue May 18, 2010 7:41 pm
Location: london

Post by tier1_aspirant123 » Mon Jul 09, 2012 10:29 pm

if your company has declared that dividend in march 2013 that is income for march 2013. ukba does not distribute it over the 12 moth or any other period. as march 2013 will fall in your earning period it will be considered for your extension.
Tier1 Aspirant

skoppuravuri
Newly Registered
Posts: 8
Joined: Wed Mar 24, 2010 12:51 pm

Post by skoppuravuri » Mon Jul 09, 2012 10:45 pm

Thanks for your reply tier1_aspirant123,

I have aksed my account similar format for dividend to be taken on apr 2013. My dividend voucher looks like below

COMPANY LIMITED
YEAR ENDED 30APR 2013
INTRIM DIVIDED PAYABLE 25 APR 2013
OF 1£ PER SHARE

SHARES TAX CREDIT DIVIDEND
100 XXXXXXXX 36000£



ADDRESS

ACCOUNTANT SIGNETURE


Is this mean , that this 36000£ is profit for month april or distributed equally to 12months in company period.

Thanks
KS

gaurav76.5
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Posts: 422
Joined: Thu Jul 21, 2011 12:21 pm

Post by gaurav76.5 » Wed Jul 11, 2012 11:29 am

it's for that month only....

gosh!!are you serious £36000 as a dividend..you must have paid a hell loads of tax :)

skoppuravuri
Newly Registered
Posts: 8
Joined: Wed Mar 24, 2010 12:51 pm

Post by skoppuravuri » Wed Jul 11, 2012 11:32 am

gaurav76.5 wrote:it's for that month only....

gosh!!are you serious £36000 as a dividend..you must have paid a hell loads of tax :)
Yes , I am serious, Instead of taking salaries , I am planning Dividend as single amount . Thanks for your reply mentioning its earning for that month only. Its helpful to plan proper my future earnings.

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