Dividends checklist: Get the details right
The ideal world – summary checklist
See Simon Sweetman's 2007 advice in Tax expert warns of the danger of illegal dividends – a board meeting is no longer needed but written confirmation is vital. The Income and Corporation Taxes (Electronic Certificates of Deduction of Tax and Tax Credit) Regulations 2003 (SI 3143/2003) authorises the electronic delivery of dividends. See the ICSA guide Communications with Shareholders 2007.
About the author
Jennifer Adams FCIS TEP ATT (Fellow) is Associate Editor of AccountingWEB. She is a freelance writer and author specialising in tax and corporate governance.