Dividend Tier1 extension

[aliq09]

Hi ,

I am going for extension next week so just want to clear a small question about my dividend . I am in company structure earning pattern with salary + dividend amounts each month

Question:

In April 2011 , i transferred ABC amount from my Business to personal account while mentioning dividend March 2011 . My question is ::: does this effect my dividend which will start from April 2011 to March 2012 . In simple it's a description only in my statement , else date and amount is correct ( matched personal + business account) . So this will be considered as April dividend and not the March dividend ?

Kindly reply

[aliq09]

Hi ,

I am going for extension next week so just want to clear a small question about my dividend . I am in company structure earning pattern with salary + dividend amounts each month

Question:

In April 2011 , i transferred ABC amount from my Business to personal account while mentioning dividend March 2011 . My question is ::: does this effect my dividend which will start from April 2011 to March 2012 . In simple it's a description only in my statement , else date and amount is correct ( matched personal + business account) . So this will be considered as April dividend and not the March dividend ?

Kindly reply

Hi ,


Can i please get some response as it's urgent ... Thanks in advance

[goldfish]

If you paid the dividend in March, why would it be considered to be an April dividend? I would expect it would be considered to be a March dividend. Maybe I don't understand the question.

[QuickSam]

I believe the question is: The dividend for the month of March has been paid in April with a label on the bank statement that clearly says Dividend for March.

I don't think that would be an issue. March Dividend will stay as March Dividend and won't affect the payments for the next Financial Year.

[aliq09]

I believe the question is: The dividend for the month of March has been paid in April with a label on the bank statement that clearly says Dividend for March.

I don't think that would be an issue. March Dividend will stay as March Dividend and won't affect the payments for the next Financial Year.

Hi ,

Thanks for reply it's April 2011 dividend but in statement I wrote wrongly march 11 . I am showing this dividend in my extension from period April 2011 to match 2012 .

[QuickSam]

Umm...In that case I am not the right person to answer this. You need to get in touch with an Accountant.

[aliq09]

Umm...In that case I am not the right person to answer this. You need to get in touch with an Accountant.

Hi ,

Got a reply back from accountant that the dividend is paid in tax point in April and will be considered as April 2011 dividend . This will be explained in accountant letter along with the fact the this amount has not been shown in previous self assessment to HMRC .

Any senior member please can comment

Thanks in advance