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  • Tax - Dividend voucher
    Dividend voucherWhen your company pays a dividend it should provide each of the receiving  shareholders with a dividend voucher as a receipt for their records. Issue a voucherWhile not strictly necessary under company law, it's advisable for a company to issue a Dividend Voucher for each dividend (interim or final). This is accepted practice and will be helpful for the shareholders for their personal tax records. 
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  • Tax - Dividend waiver
    Dividend waiverA dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax planning but it must be made as a deed or HMRC will not accept its validity. The waiver deedWhen a company pays a dividend, all the shareholders receive a cheque in proportion to their shareholding in the company. It's a case of all or nothing. Plus, under present rules,...
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  • Tax - Interim dividend board minute
    Interim dividend board minuteA 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 timingFor 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...
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  • Tax - Distributable profits board minute
    Distributable profits board minuteA 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.A legal dividendCompany law says that once you've established the availability of distributable profits you can pay a dividend. These come in two types, interim and final. The directors have the power to pay an interim dividend...
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