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BATHE wrote:Hi,
I am the main shareholder for my limited company and draw salary and dividend for each month. My ILR is due on Jan 2016.
My query is should i leave personal tax amount and corporation tax amonut in business account before taking my dividend . For example if my company turn over is 7000/month and i take 1000 as salary, can i take remaining 6000 as dividend or shoulde i leave corporation tax (20%) and personal tax amount (for salary and divident) in my business account and take remaining amount as dividend . Can members shed light on these so i can draw dividend correctly for my ILR earning component.
Many Thanks
siva