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- Dec 22, 2020
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Hi. I’m new here. 2 questions please and apologies if it’s already been answered.
1. My company is dormant but I need to extract some funds for self assessment tax. Will this affect me in any way eg will I need to submit accounts next year?
2. If I extract funds from the ltd co account for the sole purpose of paying self assessment tax will these dividends be taxed? So essentially paying tax twice.
Thank you
1. My company is dormant but I need to extract some funds for self assessment tax. Will this affect me in any way eg will I need to submit accounts next year?
2. If I extract funds from the ltd co account for the sole purpose of paying self assessment tax will these dividends be taxed? So essentially paying tax twice.
Thank you