Do dividends need to be withdrawn as soon as they are issued? Can I issue one quarterly dividend of say £5000 and withdraw the cash as and when I want to anytime after that?
For UK visa they want to see the dividends leaving the account so would a voucher be sufficient in such a case? Or would I need to highlight all the dates I withdrew the cash?
Dividends can be declared and the money taken out at that point or afterwards although most often, for a one person limited company, the declaring of the dividend would be followed by the payment.
If there was a timing difference then until the money was paid out the dividends due would be shown as a creditor in the accounts.
As regards the UK Visa requirement you will have to look at the exact information required by the Visa. Sensibly it would be best to just declare and pay the dividend if to do otherwise would create a problem.
Note that for tax purposes the dividend is accounted for in the accounts and on a self assessment when it is declared.
Advice given is for illustration purposes only and should not be relied upon for your tax planning or tax affairs. We recommend that you seek the advice of a suitably qualified accountant before making any tax planning decisions.