The new tax on dividends... in a nutshell

Colette Dinnes from Phillips Dinnes Accountants shares her advice on the topical new tax on dividends.  She discusses the impact that the new tax will have on small businesses who have, to date, been encouraged to operate as limited companies because of the favourable tax treatment of dividend income and how this is going to change from April 2016.

Colette comments that 'from the 6th April 2016, part of the advantage will be lost and tax payers who receive a significant part of their income in the form of dividends will suffer a tax increase'.

To find out more, contact Colette via email at colette@phillipsdinnes.co.uk or call her on 01823 275300.

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