Dividends Tax 2016
The Finance Bill 2016, published on 24 March 2016, contains the new rules for dividends. • From 6 April 2016, the notional 10% tax credit on dividends will be abolished. • A £5,000 tax free dividend allowance will be introduced. • Dividends above this level will be taxed at 7.5% (basic rate), 32.5% (higher rate), […]