The Prime Minister announced on 7th September that the government will introduce a new 1.25% Levy to provide an extra £12 bn a year to support the NHS and social care. From April 2022 it is proposed that there will be a 1.25% rise in National Insurance Contributions...
The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers’ national insurance contribution (NIC) liability...
How is dividend income taxed? The taxation of dividends changed on 6 April 2016, the Dividend Tax Credit was replaced by a new Dividend Allowance of £5,000 (to be reduced to £2,000 in April 2018). Dividend income that exceeds the Dividend Allowance threshold, will be...
