Personal Tax

Personal Tax

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Hi,

Do I need to put I aside a percentage of dividends I received for my personal tax bill due in January or can I pay this from funds in my ltd company bank account?

Also, how do I account for this in the p&l and bs?

Thanks.

Replies (2)

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Scalloway Castle
By scalloway
24th Apr 2016 10:04

Personal tax

The answer is in the title. The company pays you a dividend, you pay any tax due.

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RLI
By lionofludesch
24th Apr 2016 10:17

Dividend

But you could pay yourself a dividend to cover the tax due - which won't be until 31 Jan 2018.

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