DIVIDEND VOUCHER TAX CREDIT

[krish007]

HELLO ALL,

I will be applying for my Tier 1 G Extension, by the end of this month.

I have my own Ltd company.

I have paid myself 12k as salary and 28k as dividends.

I have few question about this, hope some one will guide me on this !!
Questions :
1 )On Friday, i have got my dividend vouchers from my accountant, in which he stayed about the tax credit.. on each transaction i made of 2600.00.. there was an extra amount add as tax credit.. which make it to gross:2888.89.

I am bit confused now.. do i need to calculate the amount that reached my personal account as dividend or as on the dividend voucher which show extra 10% tax credit ?

2) I have started my company on May 12.. so recently i have submitted my tax returns to HMRC.. but on the vouchers.. my account has given, show thats Tax financial year may 12-May 13.. but these transaction are made after may 13.. is that right ?.. as my company profit is around 38k last year..

Thanks
Krish

[krish007]

Hi,

I am still confused with this Dividend Voucher thing , please share ur experience on this !!
Is UKBA interested in Gross Dividend ( with tax Credit) or just Net Dividend, which is reflected in the Bank Statement !!


ross dividend is the share of a company's profits, paid to people who have invested in it (for example by buying shares), before any official deductions have been made. Net dividend is the amount the investor actually receives after deductions have been made.