Dividends error

[Triotrex]

Hi can anybody advise me please I think my previous accountant has mess up my accounts. So my company tax returns for the past 2 years end in September each year and they roughly had profits of 22k and on the company tax returns it always says the full profits was declared as dividend 22k. However my personal tax returns which are due April yearly only state I declared 10k in dividends and paid tax on that 10k dividends. My accountant mentioned something about a interim Dividend. Im confused as why are the 2 values different. Surely if 22k dividends was declared on the company tax return , my personal tax return should have this same value instead of 10k?? When do I pay the tax on the rest of the 12k?

 

[Mr D]

I hate to ask but what has your accountant said about the 12?

 

[Triotrex]

I hate to ask but what has your accountant said about the 12?

If you haven’t got helpful advice don’t post. I’m sure you have better things than to try make freinds here

 

[Mr D]

If you haven’t got helpful advice don’t post. I’m sure you have better things than to try make freinds here

So rather than ask the person who has provided both sets of figures you are asking strangers on the internet first.
Don't be surprised if people ask questions like I did.

 

[Triotrex]

So rather than ask the person who has provided both sets of figures you are asking strangers on the internet first.
Don't be surprised if people ask questions like I did.

Are you a fool? Ummm Yes it’s a accounting forum that’s why? Ring any bells. I’m not on YouTube mate now get lost please I don’t have time to small talk

 

[arnydnxluk]

The 22k paid out in dividends was presumably split over multiple dividends (the interim dividends your accountant has mentioned) and those are presumably split over 2 personal tax years resulting in the discrepancy.

 

[Triotrex]

Your company tax period runs October - September.

Your personal tax period runs April - March.

So, 22k in dividends from your company may be split over 2 personal tax years.

However I made 22k for each year . So 44k for 2 years company accounts

 

[arnydnxluk]

However I made 22k for each year . So 44k for 2 years company accounts

It still all depends when the dividends were declared.

Really it should be a quick email or phone call to have your accountant clarify everything for you. If they're not being very helpful then I would just ask them for a copy of the dividend declaration paperwork which should form part of your company's records. This will confirm the exact dates and amounts of each dividend so you can work out which personal tax year they belong in.

 

[Triotrex]

It still all depends when the dividends were declared.

Really it should be a quick email or phone call to have your accountant clarify everything for you. If they're not being very helpful then I would just ask them for a copy of the dividend declaration paperwork which should form part of your company's records. This will confirm the exact dates and amounts of each dividend so you can work out which personal tax year they belong in.

He’s not answering my calls. Just wondering on company accounts it says 22k dividends but the 2 personal tax returns Iv only paid tax on 10-11k each year.

 

[Triotrex]

It still all depends when the dividends were declared.

Really it should be a quick email or phone call to have your accountant clarify everything for you. If they're not being very helpful then I would just ask them for a copy of the dividend declaration paperwork which should form part of your company's records. This will confirm the exact dates and amounts of each dividend so you can work out which personal tax year they belong in.

So when is actually dividends declared . The value on the company accounts or personal tax return ?

 

[Mr D]

He’s not answering my calls. Just wondering on company accounts it says 22k dividends but the 2 personal tax returns Iv only paid tax on 10-11k each year.

So now we get onto why you are asking others.
Thank you. That would have been useful to know to start with.

 

[Scalloway]

Are you the only shareholder?

 

[Triotrex]

Are you the only shareholder?

Yes I am

 

[alan1302]

Go to the pub to make some freinds loner lol .

Why would a loner want to make friends?

 

[Mr D]

Yes have a nice day ! Go to the pub to make some freinds loner lol . I won’t reply to you again old man

Great.
Rather sad that you suggest just before 11pm that someone go to the pub though. You really need to brush up on your replies.

Pity you aren't after a reply. Could have got somewhere.

 

[Mr D]

Why would a loner want to make friends?

Can't think why a loner would even be on forums. Perhaps the clue was in the descriptive word.

 

[Triotrex]

Can't think why a loner would even be on forums. Perhaps the clue was in the descriptive word.

.

 

[Mr D]

You need to get laid mate and get out more. You must be sad to stalk my thread

Really should brush up on replies that you said you won't be doing again.
Get out more at 11pm on a cold night? LOL.

And to think the art of the insult used to be a fine art, practiced by gentlemen and ladies.

Oh well, enjoy the HMRC fines.

Politeness can get better responses than attacks do.

 

[UKSBD]

He’s not answering my calls. Just wondering on company accounts it says 22k dividends but the 2 personal tax returns Iv only paid tax on 10-11k each year.

Did you take any other income? If not your personal allowance may account for it

 

[alan1302]

Can't think why a loner would even be on forums.

Same reason as many other people - to get answers to queries.

 

[Triotrex]

Did you take any other income? If not your personal allowance may account for it

I paid myself personal allowance as a salary

 

[Triotrex]

Same reason as many other people - to get answers to queries.

Yes answers . If you haven’t got it don’t post!!

 

[alan1302]

Yes answers . If you haven’t got it don’t post!!

I have plenty of answers though

 

[Mr D]

I have plenty of answers though

He doesn't want answers.

 

[Newchodge]

What an unpleasant little man the OP seems to be. I wonder why anyone would want to help him.

 

[Ian J]

What an unpleasant little man the OP seems to be. I wonder why anyone would want to help him.

Seconded

 

[Noah]

Hi can anybody advise me please I think my previous accountant has mess up my accounts.

I hate to ask but what has your accountant said about the 12?

 

[Mr D]

Useless . You guys have these forums but you lurk around here all day saddos. No answers but all small talk

Perhaps those of us with answers prefer giving them to more polite posters.
Judging by the responses over the years it appears common across the Internet.

I can understand your accountant's response.

 

[Triotrex]

Perhaps those of us with answers prefer giving them to more polite posters.
Judging by the responses over the years it appears common across the Internet.

I can understand your accountant's response.

You seriously need to get a life . You replied with 2 mins haha. Funny old man

 

[Mr D]

You seriously need to get a life . You replied with 2 mins haha. Funny old man

Shock news, someone logs in to respond to a post on a forum after being asleep for a while. Then sees your post in their alerts and responds to that too.

I have a life thanks.

 

[Triotrex]

Shock news, someone logs in to respond to a post on a forum after being asleep for a while. Then sees your post in their alerts and responds to that too.

I have a life thanks.

I’m such a big influence in your life in this forum that you wait for my reply lol. Can’t you be busy with others things ?

 

[Scalloway]

Can’t you be busy with others things ?

That is a bit rich seeing as you have two threads on the go on Accounting Web as well on this same subject.

https://www.accountingweb.co.uk/any-answers/dividend-different-in-personal-tax-return

https://www.accountingweb.co.uk/any-answers/help-with-dividends-simpler-form

 

[Mr D]

I’m such a big influence in your life in this forum that you wait for my reply lol. Can’t you be busy with others things ?

The reply shows up on the alerts, top of the page.
Notifying everyone who has opted for alerts that a new post has appeared on the thread.

 

[Ian J]

That is a bit rich seeing as you have two threads on the go on Accounting Web as well on this same subject.

I see that he's behaving like a childish tw@t on there too if he doesn't like the responses

 

[Mitch3473]

I cant for the life of me understand why his accountant isn't returning his calls. Complete mystery.

 

[ecommerce84]

He’s not answering my calls.

I don’t blame him either!

You are obviously desperate to get the answer as you’ve posted 3 threads about it, a bit of civility and you may have got the answer by now.

As it happens, I know the answer to your question.