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Final or interim dividend

Cilent's year end has passed 31 Oct 2012.  He wants to declare a dividend of £9k.  I know the profits will be more than enough to cover this but should it be classed as a final dividend for year ended 31 Oct 2012 or an interim dividend for 31 Oct 2013? Does it actually matter? Is there a time frame within which you must declare your final dividend?
Thanks

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23rd Nov 2012 11:54

Well, it all depends on which accounts it is being made with respect to. What is the date on the relevant accounts you have prepared to declare the dividend based on?

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By imbs
23rd Nov 2012 23:18

31 Oct 12
Accounts not prepared yet. So it would the final dividend for that year? ie There is no timeframe?
Thanks

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By JAADAMS
27th Nov 2012 16:48

Look at my article on the subject ...

http://www.accountingweb.co.uk/topic/tax/dividends-checklist-get-details-right/470525 

>>> particularly point 3  'Dividends are treated as paid on the date that the enforceable debt is created; where there is no such debt, the date of payment is used'.

 

 

 

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