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. Jennifer is proprietor of Naldrett Accountants. The information contained in this article is intended to provide for general educational use and information only. It is not intended to advise or recommend any particular course of action or opinion. The reader should not act or rely on any information contained therein without seeking independent legal advice.