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

Tax proposals dropped from Finance Bill 2017

Several tax proposals dropped as 2017 General Election approaches With the 2017 ‘snap’ General Election almost upon us, several tax proposals have been dropped from the Finance Bill 2017 before parliament is dissolved on 3 May. The dropped proposals will be ‘held over’ until after the election when they become a matter for the next government. Key proposals which have … Read More