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
-
Tax relief on equipment you haven’t paid for (yet)
The timing of tax relief for purchases of equipment isn’t straightforward when payments are delayed or goods are purchased through hire purchase (HP) agreements. How can you use these rules to your advantage and get tax relief before you’ve paid the final invoice?
-
HMRC clarifies summer holiday VAT cut
HMRC has published further guidance on the temporary VAT reduction for certain activities during the school summer holidays. The additional detail helps businesses determine which supplies qualify for the relief and, importantly, which do not. What do you need to know?
-
Electronic VAT return and payment due
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.