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Final Dividends Declared

  • Member PM.Dip
  • Practice Licence
  • 2 posts
  • # 122774

A close company with 4 shareholders has prepared its accounts for the Y/E 31.03.2024 which has a £100k distributable reserves .

The company wants to declare £50k final dividend and show it in its accounts. Will the shareholders have to declared the dividend in 2023/24 tax return or 2024/25 as the resolution is made in April 2024?

  • Member PM.Dip
  • 1 post
  • # 122782

Ali145 said:

A close company with 4 shareholders has prepared its accounts for the Y/E 31.03.2024 which has a £100k distributable reserves .

The company wants to declare £50k final dividend and show it in its accounts. Will the shareholders have to declared the dividend in 2023/24 tax return or 2024/25 as the resolution is made in April 2024?


 Dividends will be declared in shareholders tax returns when they actually receive them.



Edited at 09 Apr 2024 11:37 AM GMT

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