This year’s budget announced two measures which will increase the tax bill for limited companies with only one director, who is also the only shareholder of that company, and does not employ anyone else. Emily Coltman FCA, FreeAgent’s Chief Accountant, takes a look at the Summer Budget in more detail. Here are some of the… Read more »
Posts Tagged: Dividends
George Osborne announced that he would be replacing the dividend tax credit with a tax-free dividend allowance of £5,000 for all taxpayers, coming into effect from 2016.