Reduction to tax-free dividend allowance confirmed

You may recall Chancellor Hammond announcing in his Spring Budget that the tax-free dividend allowance would reduce from £5,000 pa to £2,000 from 6 April 2018. However, given the amount of ‘distraction’ and rather frenzied political climate at the time, this proposed legislation was dropped at the last minute and didn’t make it into the Finance Act earlier this year. … Read More