My Ltd Company made a £5,886 loss during the tax year '19-'20. During the tax year '20-'21 the company made a £5,614 profit. Can I take a dividend for the '20-'21 tax year or is the '19-'20 loss brought forward and therefore negates the '20-'21 profit?
UK Dividends for Ltd Company
- Thread starter Judith C
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- May 29, 2018
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You can only pay a dividend if you have enough distributable reserves to cover it. So it depends what trading was like prior to the 19-20 loss