Print 🖨It can be illegal to pay dividends if: 1. There are insufficient retained profits to cover the dividend payments 2. Dividend payments may be illegal if the relevant paperwork has not been completed Board Minutes – which must be kept for 10 years http://www.companieshouse.gov.uk/about/gbhtml/gp3.shtml#ch4 Dividend Vouchers You can download free templates from http://www.contractorcalculator.co.uk/declaring_dividends_paperwork.aspx HMRC … Continue reading Things you need to know about Dividends…..