Pro-forma board minute template for declaring an interim dividend.
A guide for subscribers.
[complete or delete all items in square brackets]
MINUTES OF A MEETING OF THE DIRECTORS
Company name: [Company Name] ([Company Reference Number]) ("Company")
[Registered office address]
Registered in United Kingdom.
Held at: [your address]
On: [date]
At: [time]
Present: [directors’ names – ensure a quorum if present to vote]
[optional paragraph: The annual/management accounts for the period ending [date] have been reviewed and the directors are satisfied that the company has sufficient distributable profits.]
IT WAS RESOLVED THAT an interim dividend amounting to:
£ per [enter class of share, e.g.ordinary share]
Be paid on or after [date of today]
In respect of the period ending [date]
…………………………….
[name of chair of meeting]
Chairman
Useful guides on this topic
This template is one of a series of notes and templates:
Legal or unlawful dividends: Companies Act 2006
What requirements have to be met for a dividend to be legal? What is an unlawful or illegal dividend?
Unlawful, illegal or ultra vires dividends
Is there a tax charge on an unlawful/illegal or ultra vires dividend?
Dividends: Formalities for companies
This is a briefing note for discussion with directors about the formalities of declaring and paying dividends.
Dividends (how to pay & process): Step-by-step guide
A step-by-step guide to paying and processing dividends for companies and their owners.
Templates
Dividends: Tax voucher
Pro-forma tax voucher for interim dividends.
Also see our Directors' loan accounts: Toolkit and Close company loans toolkit (loans to participators) for details of the section 455 tax charge and way that Chapter 6, Part 4 ITTOIA 2005 treats certain benefits and expenses to participators as dividends.
