TaxSimba — MTD and Limited Company Directors: Which Income Counts?
Preparation worksheet

Optional offline planning aid, not a tax return or filing confirmation.
Keep completed notes securely; never include passwords or one-time codes.

WORK THROUGH THIS EXAMPLE
A company receives sales revenue and pays its director salary or dividends. Do not relabel the company’s sales as the director’s personal sole-trade turnover. Check any separately owned rental property or genuine personal trade on its own facts.

DECISION TO RESOLVE
Which taxpayer earned each amount: the company or the individual?

YOUR POSITION
Relevant year and source: ____________________
Evidence supporting your answer: ____________________
Missing item and who will obtain it: ____________________
Deadline or next review date: ____________________

1. List company and personally owned activities.
Notes: ______________________________

2. Gather ownership and income-source evidence.
Notes: ______________________________

3. Collect salary, dividend and benefit records.
Notes: ______________________________

4. Check personal trading and property qualifying income.
Notes: ______________________________

5. Agree separate company and personal service scopes.
Notes: ______________________________

Actions agreed and responsible person:
____________________________________

Guide: https://taxsimba.co.uk/blogs/mtd-limited-company-director-income
Check the current guide and official sources before relying on a deadline or process.