Do I need to do dividend vouchers?

A reminder for all limited company directors: every time you take a dividend from your company, you are required to hold a directors' meeting to declare it, keep minutes of that meeting, and issue a dividend voucher showing the date, company name, shareholder name, and amount.

This applies "even if you are the only director", and I have attached an extract from GOV.UK confirming this, taken directly from guidance and running a limited company and your responsibilities as a director. 

Many owner managed companies do not do this properly, or at all. It is one of those things that gets overlooked when you are busy running a business. But HMRC are clear on the requirements, and with increased scrutiny on how close companies report payments to their directors, now is a good time to make sure your dividend paperwork is in order.

If you are not sure whether your records are where they need to be, get in touch and we can help you get everything up to date.