Interim dividend board minute
A company can only pay dividends where it has “distributable profits”. Broadly, this means post-tax profit for the current or previous years which has not been paid to the shareholders. The directors must keep records to show they have considered this.
Dividend timing
For a comprehensive board minute concerning all possible factors to be taken into account in proving that a payment to you was in fact an interim dividend see our Interim Dividend Board Minute.
The board minute details when the meeting took place and the total interim dividend proposed, with consideration for the distributable profits of the company and the effect the dividend would have on the company’s ability to pay its debts as they fall due.
Related Topics
-
Multiple agents for MTD ITSA will be permitted
-
One-person companies and the employment allowance
The NI employment allowance has increased from £5,000 to £10,500. The bad news is that companies with only one person who’s also a director on their payroll aren’t entitled to it. How can they qualify with just one simple low-cost step?
-
Permanent increase to penalty interest rates
The new tax year saw a change to the way interest on late paid taxes is calculated. What’s changed and what are the new charges?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.