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Post Info TOPIC: Query on Directors self assessment
Cheshire


Master Book-keeper

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Query on Directors self assessment
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Hi

I dont do the personal tax nor accounts, just the bookkeeping and some PA work for a couple of connected companies.

 

There are two companies, both have same two shareholders 50% each. Just got their tax returns from Accountant which show divis from UK companies (ie theirs) at £28750 for 2013/14 tax year.

Divis in both company's accounts show as:-

2012 £34k

2013 £114.5k

2014 £129k

Year end is May.

My question is - where does the £28750 come from?  It just looks wrong. Shouldnt it be £57250 on each from the 2013 accounts?

Just out of interest really!

 



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Dinky


Veteran Member

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Posts: 50
Date:
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Hi Joanne

Dividends will be entered on the tax returns according to the dates that they have been paid. So I suspect if you knew those dates then you would be able to tie them up with the tax year.



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Sue 
Cheshire


Master Book-keeper

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Posts: 8646
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Ah, I thought they just did as year overall. Daft idea!! Thanks Sue.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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