Dividend Tax Changes
All good things …..
Well they don’t always come to an end, sometimes things are slightly different! I’m sure you are all aware of the Dividend Tax Changes that will come into place in the next tax year (from 6th April). If not, or if you would like real clarity on it, read more here.
In a nutshell, although the changes will affect your net take home pay (depending on personal circumstances of course) your personal tax bill will still be lower than if you were remunerated by a company PAYE scheme. IN Accountancy have put together a clear example which shows there are still definite tax advantages to be had for limited company contractors.
If you were unsure hopefully this will help and also reduce any concerns that may still be lingering.
Follow Focus Interim on Twitter @focusinterim