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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Making the most of profit extraction and current dividend tax rules

February 05, 2016 | by Sian Kelly | No comments

The way in which dividends are taxed is changing from 6 April 2016. For basic rate taxpayers, the new rules are far less generous than the current rules. With this in mind, profits permitting, it may be worthwhile to pay an additional dividend before the end of the 2015/16 tax year to make the most of the current regime.

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Get in the know now- new rules for taxing dividends

October 13, 2015 | by Sian Kelly | No comments

One of the surprises of the summer 2015 Budget was the Chancellor’s announcement that the dividends tax rules are to be radically reformed from 6 April 2016.

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Summer Budget 2015 Tax Plans

July 21, 2015 | by Sian Kelly | No comments

Last week The Chancellor delivered his Summer 2015 Budget. We've summarised the implications of his announcements in a free, newsletter-style guide.
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