Birdwatch Note Rating
2024-03-12 13:37:11 UTC - HELPFUL
Rated by Participant: 8F9E8D8358978A104B960B9E7A479DE0E5C45796A3CA70AB5AAC4E4863AFF370
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Original Note:
It is common for directors of UK companies to not take a salary. It is more tax-efficient in this instance for the director to pay themselves in dividends. Therefore the notion that this is a smoking gun which indicates Man City is ‘messing with the books’ is incorrect. https://www.starlingbank.com/resources/business-guides/taking-dividends-vs-salary/ https://www.theaccountancy.co.uk/limited-company/whats-the-most-tax-efficient-directors-salary-in-2022_23-51622.html
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