Guidance
Insolvency practitioner bulletin 7 (2021): pay tax and National Insurance on preferential dividends
This bulletin explains what you need to do when making payments of tax and National Insurance contributions on a preferential dividend.
Documents
Details
We previously issued Insolvency practitioner bulletin 2 (2021): using the correct payment reference number when making dividend payments.
The bulletin prompted questions about the section ‘Preferential dividends — payment of tax and National Insurance’.
This bulletin answers your questions and explains:
- when you may need to set up a new PAYE Scheme
- how to set up a PAYE Scheme
- what you need to do if you make additional payments