Rachel and Jimmy would like a dividend waiver - do you agree?

The things we do for tax

The guest on the two episodes is Nick Wright of Jerroms Miller a leading UK specialist in taxation.

Nick can be contacted for consultancy at www.jerromsmiller.co.uk or [e-mail]. Nick is a published tax author in publications including Taxation.

The podcast is split in two episodes of about 30 minutes each and are packed with content. The podcast looks at dividend waivers and alphabet shares with particular reference to payment of dividends. We explore a range of issues to consider.

The episodes are supported with a test of competence (quizzes) to aid the verification you completed the CPD, this will be vital under ICAEW CPD rules. The quizzes can be downloaded from the site. They are password protected and the passwords are given out during the episodes.
Dividend waivers
Overview of what dividend waivers and alphabet shares are – Employment related securities – Settlements legislation – How were the shares issued and / or gift of shares – Subscriber shares / founder shares – Was there bounty? – The importance of Arctic systems – Dividend only shares – The importance of distributable reserves – The deed and who can execute it – Thin shares – Are dividend waivers really worth it?

Alphabet shares
What are the share rights and are they in ‘all respects uniform’ – New shares or transfer of existing shares – Personal relationship exemption – Reorganisation provisions and consider BPR and BADR – Spousal exemption – Issues of shares to spouses, connected and unconnected persons – Grandparents and alpha shares – Employee shares issued at a discount – Reporting under old ‘form 42’ – Bad leaver clauses – 431 elections. Are alphabet shares worth it?

Check www.thethingswedofortax.co.uk for new episodes providing CPD for tax accountants

Bab

1. Rachel and Jimmy would like a dividend waiver - do you agree? (00:00:00)

2. Introduction (00:03:00)

3. Basics of dividend waivers and alphabet shares (00:05:28)

4. Employment related securities (00:07:36)

5. National insurance - small salary and big dividend (00:09:10)

6. Settlements (00:11:26)

7. How were the shares issued? (00:12:01)

8. Subscribing to shares / founder shares (00:13:26)

9. Bounty (00:15:39)

10. Arctic systems (00:16:04)

11. Spousal exemption (00:17:12)

12. Dividend only shares (00:18:31)

13. Some Company Law considerations (00:19:14)

14. Distributable reserves (00:19:36)

15. Deeds (00:22:12)

16. Should we bother with the waiver is it too risky? (00:23:36)

17. Thin shares (00:24:19)

18. The Buck case (00:25:52)

19. HMRC Manual (00:25:53)