TRUE Administration OF DIVIDENDS TAX & INTEREST
TAX CALCULATION RULES
You should receive professional dividend and tax counsel, so you don’t have to pay more than you have to because the changes to the Dividends Taxes and Credits in 2016 were complex. In order to prevent a negative impact on your family budget, we may offer professional advice and planning assistance. A couple making £100,000 year now has approximately £5,000 less in their pocket. Small business owners will also require new instructions, particularly if the proprietor pays himself or herself £8,000 annually to cover basic NIC benefits. With the new arrangement, you might have to pay an additional £2,050 on a £40,000 dividend with an initial £8,000 wage.
We realise that many people will seek the assistance and advice of a certified public accountant to help them plan around the dividend tax and other related issues when these levels vary over the coming years.