Dividend can only be paid from profits – they are NOT to compensate for business expenses – they are paid out separately.
I **Thought ** that dividends were split equally between the directors – so one couldn’t receive £30k while the other received 6k
The argument for notional income is that if the company can afford to pay out £36k in dividends to 2 directors, then it could afford to pay each director a higher wage….
Contact Us Tel: 07890 527 178 | Email: support@hbinfo.org
hbinfo Ltd, Registered address - Rowan House 7 West Bank Scarborough North Yorks YO12 4DX
Registered in England and Wales No. 5779046, VAT No. 880 7202 27
© 2022 hbinfo Ltd