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No it was paid out after deducting expenses from the business and i will pay tax on my dividends. But there is still some increase in the company's balance amount after deducting expenses and paying out dividend.silverline wrote:Gross dividends are fine as long as they were paid out of NET PROFIT AFTER TAX OF THE COMPANY.
Neither! Every time a UK company pays a dividend a Tax Credit of one-ninth of the dividend gets added. So if the dividend is £10000, the Tax Credit is £1111.11, and thus the income for tax purposes is £11111.11.Can i claim 10,000 dividend as my earning or i have to deduct tax and then claim points for the remaining amount.
GROSS dividend is your income. Read policy guidance.sk.sunshu wrote:
Thanks
Sharath
HI Aditya,adityaisukapalli wrote:GROSS dividend is your income. Read policy guidance.sk.sunshu wrote:
Thanks
Sharath