Dividend tax for higher rate taxpayers

In the second part of the dividend tax series we consider the situation for higher rate taxpayers In summary Even higher rate taxpayers will receive the £5k tax free allowance Once the higher rate threshold has been passed the dividend tax will be 32.5% If a business...

Dividend tax for basic rate taxpayers

Watch my video to see how this new dividend tax will affect you as a basic rate taxpayer after 6 April 2016 In summary Everyone will receive the £5k tax free allowance This will only apply once your income has exceeded the personal allowance limit (£10.6k 2015/16)...

Autumn Statement and Spending Review 2015

With two Budget’s already this year the Chancellor clearly felt he had said enough about tax changes and in the Autumn Statement stuck mainly to statistics on the improving economy quoting many positive percentages from the Office for Budgetary Responsibility...

What does the new dividend tax mean to me?

The Chancellor announced a new 7.5% dividend tax for basic rate taxpayers in the budget, to take effect from April 2016 and this has some interesting implications for small business owners particularly. The main points were: The current 10% tax credit will be...

Budget 2015 – an election special?

As expected at this stage of the Parliament, while there was not a lot of room for manoeuvre, there were some sweeteners across the board.  There was little for small businesses as alot of the headline issues were aimed at individuals.  More will be released in the...

VAT and selling services or goods overseas

The rules and principles for selling overseas are quite involved as they depending on where the sales are being made, whether they are goods or services and whether you are selling to a business or consumer.  Services are the most topical at the moment with the...