Read Green & Co’s article on the important changes to the affect dividends from April 2016, featuring in this month Torfaen Business Voice February edition.
Last year the budget brought with it unwelcome news for directors of private limited companies who extract most of their income via dividends. The Government is abolishing the dividend tax credit as we know it, and introducing a new dividend taxation system.
If you haven’t already done so, now is the time to sit up and take notice. From April 2016, the current rules on grossing up your net dividend (the amount you receive) by 9/10 will cease.
Click here to read the full article in the Torfaen Business Voice February 2016.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.
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