In a small company last year dividends exceeded profits by £200 so wasn't taxed at 19%. This year there are only £2000 of profits and no dividends so normally no tax. Am I right in thinking that the £200 from last year will actually be taxed this year at 19%?
Ebenezer Scrooge
23rd Jan 2006
0
Unmatched distributions query?
Unmatched distributions query?