Tel: 01495 302 382

24 James Street, Ebbw Vale. NP23 6JG

Association of Chartered Certified Accountants

New Dividend Tax April 2016

Posted on by Steve

The changes to dividend taxation announced in the July budget impact significantly on the decision about incorporation. Following the changes made in December 2014 affecting goodwill on incorporation, this change makes it even less attractive for some clients to run their business through a limited company. From April 2016 there will be a dividend Tax allowance of £5000, but after this dividends will be liable to Tax at 7.5% in the basic rate band, 32.5% in the higher rate band and 38.1% in the additional rate band.

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Garry White & Co
24 James Street
Ebbw Vale
NP23 6JG.

Office: 01495 302382
Mobile: 07977 729071
Fax: 01495 303260