How to account for paying dividends (UK)

Jim Hitch jim.hitch at englishlanguageservices.co.uk
Thu Jun 12 10:54:30 EDT 2008


Hi Guncashers.

I use guncash for my business accounts. I can find plenty of stuff in the 
archive about getting dividends and putting them into personal accounts, but 
can't find anything about paying them.

I pay them to myself, but don't know how to account for them. I know that they 
shouldn't go into expenses, because they are paid from a presumed profit 
(presumed in the sense that they are paid before EOY), and that I'm going to 
need to put in a Corporation Tax liability... but can't quite get my head 
around how to sort it out.

Thanks in advance.

Jim


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