Do Salaries count as company distributions for tax purposes?

F

Firefly

Registered User
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Hi,

Regarding the Surcharge on undistributed income of service companies - [broken link removed] Part 13 are salaries & expenses paid to directors regarded as "distributions" by the company? I had a look at Part 8 (Annual Payments, Charges and Interest - Sections 237 - 267M) but couldn't find anything.

Thanks!

F.
 
Salaries are not counted as distributions. Distributions must be made to shareholders who may be different from the Directors/employees of the company.
 
BarMcc said:
Salaries are not counted as distributions. Distributions must be made to shareholders who may be different from the Directors/employees of the company.
Click to expand...

Many thanks for that. Time to head to my accountant now I think to discuss dividends and the like..
 
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