Husband & Wife Directors

Husband and Wife are directors of a limited company. Wife runs the business and takes a salary. Husband is employed elsewhere and his role in the company is purely advisory capacity.

Wife wants to take a dividend for first time and husband doesn't want/need a dividend as this will take him over the basic tax threshold and also he hasn't contributed anything to the company so far in terms of work so no remuneration due. Are there any problems with just one Director receiving a dividend?? Aren't all shareholders due a dividend?

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okevin |

Waiver

thisistibi |
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???

PennyC |

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blok |
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??? Calling R.B.

buttinski |

HMRC manuals

thisistibi |
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Recent tax case

Towards excellence |

Buck

PennyC |

Thanks Penny

RebeccaBenneyworth |
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