Mr Osborne announced a new regime on 8 July, to begin from 2016/17:
The surprising result of these proposals is that while basic rate taxpayers will pay more tax if they receive dividends above £5,000, additional rate taxpayers will have to receive over £25,370 of dividends before they are worse off.
These dividend tax changes are big, so understandably you might feel a bit confused or lost amongst the details.
If you need more advice or help in understanding these changes then call one of our advisors today on: 01273 882200.
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