Dear Moderators,
Me and my wife we run a limited company that we opened in April 2015. Before that we were both working as self employed. The 100% share holder of the company is my wife and i am the Director, She has paid me £30170.00 in this current tax year with payment reference Salary for some payments and majority as Dividends. Now today we realized that we have made a mistake as I am not a shareholder I can not get dividends. She has paid herself 11000 in this year too.
No my question are:
1. What is the most tax efficient way to deal with the £30170 paid to me?
2.In the month of December 2015 a total of £11000 was paid to me due to Christmas etc is there a way I can return that money back to the Limited company saying that the payment was made in error.
3. I would like to become the 100% share holder and Director going forward as my wife is not ready to have this responsibility any more so how do we transfer Shares ASAP.
4. Comapny is VAT registered and is in my Wife name again so how do we go about it.
Waiting for your response.
Kind Regards,
Jim
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