Non company dividends at 19%
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I remember through the course of our studies we covered a subject that was not in the text book, mainly the above.<BR><BR>I believe it is where a company has profits of less than £50K and it pays out dividends, usually third parties and these have to be taxed at 19%.<BR><BR>I assume this is quite new, maybe a popular subject therefore to be tested on.<BR><BR>Has anyone further thoughts on this?<BR><BR>Regards<BR><BR>Mike MS.<BR><BR>PS thanks for the replies to my first email. 123 views, you should all be studying and not looking at this forum!!
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Non company dividends at 19%
<BR>If it's not in the textbook I wouldn't worry about it.<BR><BR>It is new, it's non corporate dividends aimed at people who have incorporated to avoid paying income tax. They then pay out enough in dividends to take the profits into the 10% nil rate band. <BR><BR>Unfortunately the Inland Revenue's sole aim is to close loopholes such as this one! So now companies have to pay 19% on the dividends, ie the corporation tax they would have paid.0 -
Non company dividends at 19%
If it's any guide, I did FA2004 in the ACCA paper today and it came up in one of our optional questions. As it is new I think it's worth working out how to do it, feel free to email me if you want some help with it.<BR><BR>Annette<BR><BR>Address in profile0 -
Non company dividends at 19%
This is in the Osbourne book.0 -
Non company dividends at 19%
Hi there<BR><BR>I'm resitting Business tax next week, therefore have had no study at non corporate distributions & am trying to find out info from the web. I have come across one web site that may be of assistance to you???<BR>www.TaxationWeb.co.uk - worth a look maybe<BR><BR>Regards <BR>Janet<BR>0