Introduction of the Dividend Tax – Why your tax return may be higher than expected
Adam Franks2018-03-12T15:25:31+00:00If you noticed your tax return being a little higher this year, here may be the reason: Many company owners pay themselves in the form of dividends, rather than a salary. However, in 2016 a new regulation was introduced called the ‘Dividend Tax Allowance’ whereby only the first £5,000 of your dividend payment will be