Who 'owns' the Company

castle96

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

Who is the Company Secretary?

masonic

castle96 wrote: »

Would dividends be shown on accounts

There are ways for small companies to avoid disclosing them.

castle96

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

£1m + assets showing
Micro entity accounts
" entitled to sec 477 exemption Coys Act 2006
" " " 466 " " " " "

polymaff

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

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

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

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

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?