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Who 'owns' the Company

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Comments

  • castle96
    castle96 Posts: 3,036 Forumite
    Part of the Furniture 1,000 Posts
    I don't think D E would be daft enough to accept dividends, etc. I have no idea how F 'pays' himself. Would dividends be shown on accounts
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Who is the Company Secretary?
  • masonic
    masonic Posts: 28,510 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    castle96 wrote: »
    Would dividends be shown on accounts
    There are ways for small companies to avoid disclosing them.
  • castle96
    castle96 Posts: 3,036 Forumite
    Part of the Furniture 1,000 Posts
    edited 19 November 2019 at 4:46PM
    Under 'officers' just 3 directors F A C. No Coy Sec Last mentiono f Coy Sec was 2009. Not now on current list of officers
  • castle96
    castle96 Posts: 3,036 Forumite
    Part of the Furniture 1,000 Posts
    £1m + assets showing
    Micro entity accounts
    " entitled to sec 477 exemption Coys Act 2006
    " " " 466 " " " " "
  • polymaff
    polymaff Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    polymaff wrote: »
    Family members receiving dividend income has, surely, always been a tactic for reducing overall taxation of dividends?

    30 posts later:
    castle96 wrote: »
    Edit: what I suspect is really happening here is that the father owns the whole company and is using his family members as mules for the purposes of tax evasion. Perhaps this years dividend is higher than usual, so he needs the shares to be divided up between more of them to stay below the tax free allowance

    One hell of an echo in this thread...:rotfl:
  • polymaff
    polymaff Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 19 November 2019 at 5:11PM
    masonic wrote: »
    There are ways for small companies to avoid disclosing them.


    The latest HMRC/CH ct600/full accounts template for small companies need not include any details of dividends.


    Job Done....:rotfl:
  • masonic
    masonic Posts: 28,510 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    polymaff wrote: »
    One hell of an echo in this thread...:rotfl:
    Indeed, I should have credited you with the idea polymaff. I now remember reading it yesterday and it obviously lodged in my subconscious while I forgot it had already been suggested.

    Which leaves only the minor problem of:
    castle96 wrote: »
    I don't think D E would be daft enough to accept dividends, etc.
    perhaps, like the shareholding itself, D and E will be unaware of the dividend payments.
  • polymaff
    polymaff Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I haven't studied this thread enough to be sure, but this looks to be relevant:



    https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem4200
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    castle96 wrote: »
    £1m + assets showing
    Micro entity accounts
    " entitled to sec 477 exemption Coys Act 2006
    " " " 466 " " " " "

    Putting aside your enquiries. What's your actual objective?
This discussion has been closed.
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