Do basis periods apply to directors?

Hi all,

Feel a bit silly for asking this but I just can't remember.

I know that you get basis periodĀ rulesĀ for sole traders whose period of account is different to the tax year - that's fine.

However, do the same rules apply to directors who recieve dividends from a company whose accounting period differs from the tax year?

I.e. a company has a year end of 31/12/2011 - for the 2011/12 tax year would we then need to work out the dividends and other income for the small period between 01/01/2012 and 05/04/2012?

Many thanks.

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Dividends

teresarose |