Birdwatch Note Rating
2024-03-12 15:44:37 UTC - HELPFUL
Rated by Participant: DD9B9EC555B9D5BAB7D5DF914770E60A6245258502158C79CF4612EC2F0F3F2D
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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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