Reminder – changes in tax on dividend from 2015/16

New allowances from tax year 2015/16
•Personal allowance £11,000
•Basic rate limit £32,000
•Higher rate band £32,001 – £150,000
•Additional rate band over £150,000

Change in the tax on dividend income
•First £5,000 is tax free.
•7.5% on dividend income more than £5,000 but within basic rate band limit.
•32.5% on dividend income within the higher rate band limit.
•38.1% on dividend income within the additional rate band.

For further clarification, please contact us 0118 327 4200.

We provide high quality services to all clients which includes accountancy services (bookkeeping, year-end accounts) taxation (VAT, PAYE, capital gains tax, inheritance tax, tax returns of self-employment, partnership & limited company) and audit across a wide range of industry sectors.