Dividend income – How is it taxed in 2018/19?

September 11, 2018 | by Sian Kelly | No comments

The taxation of dividend income was reformed from 6 April 2016. Since that date, dividends are paid gross – there is no longer any associated tax credit – and all taxpayers receive a dividend allowance.

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Tax efficient extraction of profit from companies for 2018/19

April 10, 2018 | by Sian Kelly | No comments

The new tax year means that many directors of family companies will be considering the most tax efficient method of paying themselves.

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Calculating your dividend tax bill

October 23, 2017 | by Sian Kelly | No comments

Dividends are a special case when it comes to tax and have their own rates and rules. The taxation of dividends was radically reformed from 6 April 2016 and the rules outlined below apply to a dividend paid on or after that date.

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What are the dividend tax rules for 2016/17?

August 02, 2016 | by Sian Kelly | No comments

A new set of rules applies to tax dividend income from 6 April 2016 onwards. Under the new rules, dividends no longer come with an attached tax credit. This means that there is no grossing up calculation, but also no tax credit to set against the tax due.

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New Dividend taxation for 2016/17

June 21, 2016 | by Sian Kelly | No comments

The new dividend tax regime came into effect from 6 April 2016. Gone is the dividend tax credit and in its place a new dividend allowance for all taxpayers. There are also changes to the dividend tax rates.

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New dividend allowance

May 10, 2016 | by Sian Kelly | No comments

 

Question: When is an allowance not an allowance?

Answer: When it is the dividend allowance.

The taxation of dividends changed significantly from 6 April 2016. Gone is the 10% tax credit and the need to gross up to find the taxable amount and in its place a new dividend allowance and new rates of tax.

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