Changes to dividends
Announcements made in the Summer Budget mean that April 2016 will be an important period of change for Limited Company contractors. The current Dividend Tax Credit will be replaced with the new Tax-free Dividend Allowance and the headline rates of dividend tax are also changing. If you currently receive dividend payments or are considering doing so in the future, then you will be affected.
How should you prepare for these changes?
In our latest ebrief: Changes to dividends: what do they mean for you we explore:
- what is a dividend?
- the new dividend allowance
- how dividends will be taxed
- if pensions and ISAs will be affected
- what your options are when taking dividends before and after April 2016
- why these changes are happening
Knowing what’s just around the corner and how to prepare for it can ensure you’re in the best position come April 2016. Make sure you fully understand how these changes will affect you by downloading our latest ebrief.
Make the most of your dividends, be clear on where you stand.
When it comes to understanding the changes surrounding dividends, it’s wise to seek guidance and expertise from a contractor accountancy. Call us on 01202 375 562 to speak to one of our advisers now about the unlimited support our clients receive when new HMRC changes are announced and beyond!
This blog has been prepared by Intouch Accounting. While we have made every attempt to ensure that the information contained in this blog has been obtained from reliable sources, Intouch is not responsible for any errors or omissions, or for the results obtained from the use of this information. This blog should not be used as a substitute for consultation with professional accounting advisers. If you have any specific queries, please contact Intouch Accounting.