Do basis periods apply to directors?
Feel a bit silly for asking this but I just can't remember.
I know that you get basis period rules 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?
- What is the best blog for practitioners to follow? 337 6
- Tech Champion of the Year 255 6
- Xmas party 117 1
- Just because it's Friday 290 6
- Playstation 4 - Allowable expense or not? 3,360 66
- Inheritance Tax - Simple Question 148 4
- Non-resident employer & employee 107 4
- Capital Allowances 154 4
- equipment rental 219 10
- Acquisition by company 115 5
- Non sequitur 540 7
- Client using boyfriend's personal account 1,499 23
- R&D on products not sold 100 3
- Distance between Postcodes in Excel 915 13
- Under Cash Accounting rules how do I account for a credit note issued outside the Corp Tax period? 197 4
- Quirky thread of the year: Community Awards 646 9
- Transfer of land to family members 98 2
- The complete uselessness of the British banking system 592 11
- The process of issuing dividend? 213 6
- Not registered for VAT. Germany wants proof! 239 5
- Desperately seeking Susan, Sam or anyone with any other name 1,366
- Darwinpay Partnership Assessment 437
- Alphabet shares 241
- Agent fees to sell business 231
- ACCA continuity of practice arrangement needed 228
- Charge out rates in London 184
- How to reclaim VAT for a non-EC UK visitor 169
- which entity 151
- UK tax regime 'attractive' to investors, says KPMG 142
- confusion about 141