My client submitted personal tax returns on the basis that as the dividend was not actually paid to him, then he had not received it as taxable personal income. Now HMRC are looking at his personal returns and the client wonders if the unpaid dividends can be rescinded and added back to retained profits. There are no minutes or dividend warrants that they can find. I suspect the answer is no, and that they will have to pay the dividend and suffer the tax to date. This goes back to 2013/14.
Any advice appreciated