Ostroff, Fair and Company
*Ostroff, Fair and Company>>>United Kingdom Taxes

If dividends are paid after company tax has been calculated, are the shareholders/directors liable for tax?


If dividends are paid after company tax has been calculated, are the shareholders/directors liable for tax?

Yes. This was a campaign point for W in his first election - double taxation of dividends. The company pays its taxes and distributes the left over, then the investor has to pay taxes on those earnings. Bush wanted to get rid of that, but the Dems threw in the whole "tax breaks for the rich" and it didn't go through.
yep...

if someone is making money then the government wants its cut..

that's why ever one is switching to LLC's...
Tags
Other - Business & Finance Other Taxes United States Taxes United Kingdom Taxes Spain Taxes Singapore Taxes Mexico Taxes Ireland Taxes India Taxes
Related information
  • Hi. I am from south africa, been in the uk for over a year. i would like any advice on claiming tax back.?
  • Is my tax code correct and am i paying the correct amount?
  • I'm winding up my business, can i keep the money left over?
  • Does anyone know how much duty is payable on import of a diamond from the USA?
  • How many %per month is the paye for subcontractors?
  • Should i be paying tax at BR rate in part time job when i already have full time job?
  • What are the rules and regulation of VAT in the UK?
  • If i was to by my house and pay it of outright would i b liable to pay tax?
    • 　

    Finance Categories--Copyright/IP Policy--Contact Webmaster