Limited company dividend vouchers

sun_ksh · Post by **sun_ksh** » Thu Feb 03, 2011 12:48 pm

Hello

I am director of limited company and withdraw dividend and salary.

The home office guidance for any document is to send the originals. My accountant send me the dividend tax vouchers which lists e.g.

Holdings: 50
Rate of dividend per share: 50 pounds
Tax credit: 277.78 pounds
Dividend payable: 2500 pounds

I transfer 2500 pounds to my personal account which I will be using to claim the earnings point for tier -1 general extension purpose.

This tax voucher is send to me as pdf which i print on A4 page and get my seceretary - my wife- sign it. Is this enough? Or do my accountant also needs to sign this?

Will the A4 printout with wet sign treated as "original" document? or

Do i need to print the tax voucher on the company headed paper and get the accountant sign it also?

is the format of dividend voucher correct ? as the home office guidance say to include the gross and net dividend.

My accountant has not handled any case where his one of client required to submit documents for visa purpose- hence i want to be 100% sure. He is certified accountant though.

please advise.

thanks
sunny

sun_ksh · Post by **sun_ksh** » Thu Feb 03, 2011 5:53 pm

Can somebody please advise on payslips query below?

thanks.

Hi

my accountant use payslips printed on " quick-books " to give me payslips.

the format is as below:

http://www.bsd-online.co.uk/bsd/quickbo ... yslip.html

This is with colour print.

Do i need to stamp these payslips?

thanks
sunny

sun_ksh · Post by **sun_ksh** » Fri Feb 04, 2011 7:19 pm

moderator or any member, please reply

Sushil-ACCA · Post by **Sushil-ACCA** » Sat Feb 05, 2011 1:12 pm

Dividend Voucher IS ISsued by company so it should be on letterhead of company

yr acctant should know this

any way use word letter head of yr company

sun_ksh · Post by **sun_ksh** » Sat Feb 05, 2011 1:21 pm

Does the dividend vouchers also need to be signed by accountant .

my company secretary-who is my wife- signs it at present.

thanks

Sushil-ACCA · Post by **Sushil-ACCA** » Sat Feb 05, 2011 2:44 pm

NO
Acctn have nothing to do with DV

U R FINE

sun_ksh · Post by **sun_ksh** » Sat Feb 05, 2011 3:23 pm

Hi

my accountant use payslips printed on " quick-books " to give me payslips. These pay-slips are not printed on A4 page.

the format is as below:

http://www.bsd-online.co.uk/bsd/quickbo ... yslip.html

This is with colour print.

Do i need to stamp these payslips with company stamp? or do i accountant need to sign these as well?

thanks
sunny

Sushil-ACCA · Post by **Sushil-ACCA** » Sat Feb 05, 2011 3:35 pm

modrator

remove advertisers

sun_ksh · Post by **sun_ksh** » Sat Feb 05, 2011 6:05 pm

Have anybody used " quick-book" pay-slips?. If anybody think that this is an advertisement - my apologies.

sun_ksh · Post by **sun_ksh** » Sat Feb 12, 2011 10:37 pm

For limited company salary slips- me employed as a director of limited company and withdrawing monthly salary:

Have anybody got their "pay-slips" signed by Accountant for applying tier-1 extension ?

Does payslips need to be signed by accountant ?

Sushil-ACCA · Post by **Sushil-ACCA** » Sun Feb 13, 2011 10:23 pm

unless accountant is office of company they cant sign payslip of company

and if they r accountant than they can play dual role

need to be signed by secretary if director is 100 % owner of company

Sushil-ACCA · Post by **Sushil-ACCA** » Sun Feb 13, 2011 10:24 pm

unless accountant is officer of company they cant sign payslip of company

and if they r accountant than they can play dual role

need to be signed by secretary if director is 100 % owner of company or other director who may be owner or non owing any holding in company

or any officer of company

Post by **John** » Mon Feb 14, 2011 7:13 am

I transfer 2500 pounds to my personal account which I will be using to claim the earnings point for tier -1 general extension purpose.

I don't think that is right. I think you can claim Â£2777.78 for visa purposes. After all, as regards this one dividend voucher, for tax purposes your income is Â£2777.78, against which you have a tax credit of Â£277.78.

adityaisukapalli · Post by **adityaisukapalli** » Mon Feb 14, 2011 8:45 am

John wrote:
I transfer 2500 pounds to my personal account which I will be using to claim the earnings point for tier -1 general extension purpose.
I don't think that is right. I think you can claim Â£2777.78 for visa purposes. After all, as regards this one dividend voucher, for tax purposes your income is Â£2777.78, against which you have a tax credit of Â£277.78.

How come its Â£2777.78 ? It is gross dividend right ?
I think home office calculates only Net Devidend ?

Post by **John** » Mon Feb 14, 2011 9:06 am

adityaisukapalli, UKBA work on gross income, before tax deducted, so on the facts as presented here the gross income is Â£2777.78.

Or put it another way, why should UKBA have a different policy for say salary compared to dividends? Clearly for salary they take the gross salary, before any deductions. So the same with dividends.

adityaisukapalli · Post by **adityaisukapalli** » Mon Feb 14, 2011 9:36 am

John wrote:adityaisukapalli, UKBA work on gross income, before tax deducted, so on the facts as presented here the gross income is Â£2777.78.

So, that means, I have taken Â£30k as net dividend. i.e Gross: 33,333.33.
And Gross salary Â£6000.

So for claiming points, can i claim 33,333+6000 = 39,333 ?

Post by **John** » Mon Feb 14, 2011 9:56 am

It took some finding on the UKBA website, but I think this is the relevant webpage ..... click here.

adityaisukapalli, I think, yes!

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