dividends payment

[canon123]

I took dividends on profits last month. I forgot to put a description on the funds when transferred from business to my current account. Can I still claim it or does HO looks for the reference name

I got the description for all other months except for last month which i transferred directly between accounts without description.

Please advise!!

[entrepreneur123]

it does not matter, it will be your accountant who will check it e.g prepare dividend vouchers for you.

I took dividends on profits last month. I forgot to put a description on the funds when transferred from business to my current account. Can I still claim it or does HO looks for the reference name

I got the description for all other months except for last month which i transferred directly between accounts without description.

Please advise!!

[canon123]

Thanks for the reply

[jndahmad]

Hello All,

I will be very thankful if somebody answer my question.

When calculating previous 12 months earning with limited company, my question is regarding dividends.

Does home office look into transaction dates in company account or just dividend taken date?

Further explanation of above question:

Example: Dividend transfer date to personal account from business account is 15/01/2014, that dividend is taken because of previous 3 months transactions in business account.
if I select previous 12 months start 01/01/2014 to 01/12/2014. Can that dividend be added into earnings? considering transaction taken place in 2013.

Thanks in advance.

Junaid