Universal credit claim - Ltd Company income verification

calcotti

Nikster73 said:

I contacted UC today and was advised we would not have to submit income/expense details.  The agent changed our details.  Then I received a call 5 mins later saying that the agent was incorrect and had given me wrong information!  We do have to submit the details, so that part is clarified.  My husband had taken a dividend in June, do I put this through as income? Im actually wondering if this is worth claiming for.  Also how do UC know that you are claiming correctly for expenses and that you are not just putting any amount through?  Do they check this?  Do the then ask to see your business account?  

You do not declare dividends, A dividend is a way of disbursing your profit and your profit is accounted for by the monthly reporting of income and expenditure.