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Finance And Business questions and answers

4,907 answers, newest first (page 99).

How does HMRC know about dividends?

UK companies and banks are legally required to report dividend payments and interest to HMRC. The tax authority uses its Connect system to match this data against your National Insurance number and tax returns, ensuring accuracy without relying on self-declaration alone.

What does PDA stand for in legal?

In legal terms, PDA most commonly refers to a Private Disclosure Agreement, a contract that protects sensitive information shared between parties. It can also mean Preliminary Determination of Agency in administrative law, which assesses whether an entity has legal authority to act on another's behalf.