Dividends Archives - Potts & Co

Dec 14 2025

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Income Tax Increases

By admin Budget Update, Dividends, HMRC, ISA, Potts & Co Accountancy & Business Advice News, Property

The Chancellor will add two percentage points to the rates of tax paid on income received from dividends, savings and property If you receive dividends; interest and other savings; or income from a property you rent out as a sole trader landlord you will see an increase in the amount…

Dec 17 2024

EIS and VCT Sunset Clause Extended

By admin Capital Gains Tax, Dividends, Enterprise Investment Scheme (EIS), HMRC, Potts & Co Accountancy & Business Advice News, Venture Capital Trust (VCT)

The sunset clause which was set to end the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) scheme on 5 April 2025 has been extended for a further ten years The schemes, which offer tax relief for individuals investing in qualifying small and medium-sized companies including start-ups, will now…

Sep 02 2023

HMRC Demands More Data

By admin Dividends, HMRC, Making Tax Digital (MTD), Personal Tax, Potts & Co Accountancy & Business Advice News

HMRC has confirmed that requirements to report additional information will come into effect from the 2025-26 tax year or possibly a later period. HMRC has set out its intention to collect data relating to trade sectors; locations; occupations; hours worked; shareholdings and dividends paid; and self-employed trading dates. Draft legislation…

Mar 29 2023

Allowances Frozen And Cut

By admin Budget Update, Capital Gains Tax, Child Benefit, Dividends, HMRC, Personal Tax, Potts & Co Accountancy & Business Advice News, VAT

It is easy to forget the hidden tax rises which are created by frozen and cut allowances, so here is a quick reminder. The tax-free personal allowance will be frozen at £12,570 for six years from 2021- 22 to 2027-28 and the related marriage allowance is fixed at £1,260 for…

Feb 28 2023

Planning Dividends In 2023

By admin Directors, Dividends, HMRC, Potts & Co Accountancy & Business Advice News

Owners and directors of family businesses often take a small salary from the company and any extra funds as dividends. Owners and directors of family businesses often take a small salary from the company and any extra funds as dividends. Other family members may also hold shares in the company…

Dec 21 2021

Use Your Basic Rate Band

By admin Dividends, HMRC, National Insurance, Personal Tax, Potts & Co Accountancy & Business Advice News

Personal tax rates have been held steady for a few years, so it made no difference whether you extracted funds from your company in one tax year or the next. This is no longer the case as on 6 April 2022 the tax payable on dividends and the national insurance…

Nov 21 2021

Increases In Income Tax

By admin Budget Update, Dividends, HMRC, Income Tax, National Insurance, Potts & Co Accountancy & Business Advice News

The tax payable on dividends is set to rise from 7.5% to 8.75% for basic rate taxpayers from 6.4.22. Higher rate taxpayers will pay 33.75% on dividends and additional rate taxpayers must budget for dividend tax of 39.35%. These rates will apply to all dividends taken from all companies where…

Sep 07 2021

Check Your Tax Calculation

By admin Dividends, HMRC, Income Tax, P800, PAYE, Personal Tax, Potts & Co Accountancy & Business Advice News

Individuals who are taxed under PAYE and who do not complete an annual tax return may receive a tax calculation (on form P800) from HMRC covering the previous tax year. If you have received such a tax calculation, please check it carefully and send a copy to us to check…

Dividends

Income Tax Increases

EIS and VCT Sunset Clause Extended

HMRC Demands More Data

Allowances Frozen And Cut

Planning Dividends In 2023

Use Your Basic Rate Band

Increases In Income Tax

Check Your Tax Calculation

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