When do I have to pay my dividend?

The dividend process results in a dividend voucher that gives a shareholder the right to an amount of company profit. However it does not speficy when this should be paid. It is left to the discretion of the Directors in agreement with Shareholders to pay a dividend.

NB for tax purposes the dividend is considered income on the date it is created.

Damion Viney

Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers

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