When you take money out of your Limited Company as a Dividend formalities should be followed which means producing a dividend voucher and Board Meeting Minute.
The following is a suggested format for a Dividend Voucher and Board Minute.
Dividend Voucher – Example
XYZ Limited
1 Any Street
Anytown
Postcode
1 August 2020
To
Mr J Smith
1 Any Street
Anytown
Postcode
Interim Dividend of £100.00 paid per £1 share for the year ended 30 June 2021 to shareholders registered on 1 August 2020
……………………………………
J Smith – Director
Number of Shares Dividend Payment
10 £1000.00
Board Minute
Minutes of a meeting of directors of XYZ Limited Held at 1 Any Street, Anytown, Postcode On 1 August 2020
Present: John Smith – Director
It was resolved that the company pay a dividend of £100 per £1 ordinary share on 1 August 2018 to the shareholders registered on 1 August 2020.
……………………………………
J Smith – Director
……………………………………
Date
