Reduction to the tax-free dividend allowance – April 2018

From 6 April 2018, the tax-free dividend allowance fell from £5,000 to £2,000. We’ve received quite a few questions around this so we thought it was worth reminding you about the reduction which was included in the Finance Act 2017. From 6 April 2018, the dividend allowance (DA) taxes the first £2,000 of dividend income at nil, then: 5% basic … Read More

Budget 2013 – Analysis of key issues

Budget 2013 – A more in-depth analysis of the key points Following our summary on Budget Day of some of the Budget highlights, we’ve taken a closer look at some of the issues most relevant to our clients and contacts. It’s also been interesting to let the dust settle in the last few days and gauge the reactions of a … Read More

Budget 2013 – Personal Taxation

It was with much delight that Chancellor Osborne announced he would be raising the tax-free personal allowance for those born after 5 April 1948 to £10,000 from 6 April 2014. Increasing the allowance to this level was a key aim of the Coalition on taking office and the Chancellor was under pressure to deliver on this measure in this Budget. … Read More

Budget Highlights 2013 – Personal tax highlights

Budget 2013 Highlights Budget 2013 – A Budget for the ‘Aspiration Nation’ Chancellor Osborne hailed the UK an ‘aspiration nation’ and his Budget was designed to help those who wanted to work hard and encourage employment in the UK. The economics in brief: Chancellor confirmed the debt targets had been missed and he would be borrowing more than planned, although … Read More