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2024-03-13 04:03:52 UTC - HELPFUL

Rated by Participant: D9491A8AA150296D3228DAA663B9B944C786A029219C299439EABF0276F97760
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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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