Interim dividend board minute
A company can only pay dividends where it has “distributable profits”. Broadly, this means post-tax profit for the current or previous years which has not been paid to the shareholders. The directors must keep records to show they have considered this.
Dividend timing
For a comprehensive board minute concerning all possible factors to be taken into account in proving that a payment to you was in fact an interim dividend see our Interim Dividend Board Minute.
The board minute details when the meeting took place and the total interim dividend proposed, with consideration for the distributable profits of the company and the effect the dividend would have on the company’s ability to pay its debts as they fall due.
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Electronic VAT return and payment due
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