Quizzes & Puzzles0 min ago
business
1 Answers
me and my partner pay ourself a dividend . my partner wnts to pay his into his girlfriends account will there be a problem with this tax wise or any otherway
Answers
Only 1 answer
Best Answer
No best answer has yet been selected by scotsandy. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
The payment must be made to the shareholder in the business. If that person decides to give that payment to his girlfriend, that is up to him. Doesn't eliminate the legal requirement to enter it as income on his tax return though.
This sounds like this person is over the higher rate tax threshold and is trying to evade paying higher rate income tax since basic rate tax is deemed paid on UK dividends to individuals.
This sounds like this person is over the higher rate tax threshold and is trying to evade paying higher rate income tax since basic rate tax is deemed paid on UK dividends to individuals.
Only 1 answer
