Hi,
My LTD end of year is 31 August. Usually I paid dividends to my bank account in August, but this year I forgot, and I don’t know what profit I have this year (I need to count my stock first). Can I transfer and create voucher after this date? If so, what is the last date to do it?
Kind regards
Jack
Hi Jack,
You can issue a dividend dated within your last accounting period and allocate it to your directors loan account. You can transfer to your personal bank account at a later date.
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You can declare a dividend based on your year-end accounts once they’re done, but the dividend will be accounted for in the new financial year as the old one is already complete. You cannot backdate dividend declarations as you cannot necessarily know at 31 August that the accounts will show enough reserves.
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