Tax on dividends are changing
Current dividend tax 2015/16 Currently any dividend taken is grossed up 10% which means that your gross income on a dividend of £10, 000 would show as £11,111 on your self-assessment tax return. The basic rate tax for dividends is currently 0% The higher rate tax for dividends is currently 25% The additional higher rate for dividends is currently 30.6% However, HMRC are abolishing the 10% tax credit from April 2016. New dividend tax 2016/17 The 10% tax credit is being replace
Welcome to our blog
Hello and welcome to our S J Baker Accounting blog. S J Baker Accounting are a team of Swindon based accounting professionals who endeavour to cater to the accounting needs of both businesses and individuals alike. In this space we will be posting regular blogs with tips and advice on the latest changes in the world of accounts and finance. We hope that whether you're a current client or whether this is the first time you have come across us, you will find something of use in
