This guide is for directors of a limited company wishing to understand the rules surrounding dividends. It’s also useful if you’re thinking about becoming a limited company and are looking for information about what can and cannot be done with dividends.
We’ll cover everything you need to do know about dividends, including the pros and cons of taking dividends over a salary and when it’s illegal to pay out dividends. The guide will also cover why your accountant might say you have overpaid dividends and must either repay or increase your director’s loan account