Investment Association Calls for ‘Greater Transparency’ on Dividends

The Investment Association (IA) is urging listed companies to 'improve the transparency of their approach to paying dividends'. According to the IA, companies not seeking a shareholder vote on dividend payments 'risk depriving shareholders of the opportunity to have a say on a matter that is pivotal to the organisation's attractiveness to investors'. The IA … Continue reading Investment Association Calls for ‘Greater Transparency’ on Dividends

Running Your Business as a Company

The question of whether to run a business as a limited company is a major decision. Here we look at some of the key areas to consider. Tax implications Income tax vs corporation tax For limited companies, it is the company and not the director-shareholder that pays tax. The current rate for corporation tax is … Continue reading Running Your Business as a Company

Planning for the Dividend Allowance Cut

With the Dividend Allowance set to be cut from £5,000 to £2,000 from April 2018, we consider how investors can help to mitigate the impact of the change. A brief overview 2016 saw significant changes to the rules on dividends, with the introduction of a new Dividend Allowance (DA) of £5,000 per annum, as well … Continue reading Planning for the Dividend Allowance Cut

New Tax Year – New Rules!

So, the 6th of April brings in the new tax year with new rules, but what are the changes? Personal Allowance - increases to £11,000. Personal Savings Allowance - if you are in the 20% band for income tax, you will pay no tax on the first £1,000 of interest you get from savings. If … Continue reading New Tax Year – New Rules!

Dividends – What Isn’t Changing?

The way they are taxed may be changing, but the other rules and procedures surrounding dividend payments have not. Here is a brief re-cap of the key actions and considerations to bear in mind when making dividend payments: There must be distributable reserves in the business that cover the dividend payments. This is company law and … Continue reading Dividends – What Isn’t Changing?

Ways To Save Tax Ahead Of The 5 April Year End

The end of the tax year of 5 April is fast approaching, and this is always a good time of year to think about ways to structure your business and personal finances so that they are as tax-efficient as possible. With new rates and various legislative changes due in the 2016/17 year, here are some … Continue reading Ways To Save Tax Ahead Of The 5 April Year End

Green & Co Feature In Torfaen Business Voice

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 … Continue reading Green & Co Feature In Torfaen Business Voice

New Tax Year – New Dividend Rules…

From 5 April 2016 the taxation of Dividends is changing and this is likely to significantly increase the tax that you have to pay. The good news is that you do not have to pay tax on the first £5,000 of your dividend income, no matter what other income you have. However the tax you … Continue reading New Tax Year – New Dividend Rules…