- Joined
- Dec 22, 2003
- Messages
- 36,753
She thinks because she hasn't paid herself a dividend yet she doesn't need to declare it lol.
Surely the test should be when a payment is received into her control whether thats her account or a ltd co she is sole shareholder for.
Nope. It's not her money - it's the ltd company's money. When she pays a dividend she'll pay corporation tax at 20%.
Them's standard company rules.