Category Archives: Tax

Budget Summary

Spring Budget Summary 2017 This time last year Philip Hammond was the Foreign Secretary: then came Brexit, Theresa May as Prime Minister, George Osborne’s opportunity to spend more time with his family – or on the after-dinner speaking circuit – … Continue reading

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Autumn Statement Preview

AUTUMN STATEMENT PREVIEW Chancellor considering dropping the Autumn Statement – but not this year. The FT has this week reported that the UK chancellor is considering ditching the annual Autumn Statement, as he seeks to rein back the role of … Continue reading

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Dividends and Discretionary Trusts

Following the changes in dividend taxation that apply to individuals for 2016/17, changes have also had to be made to the taxation of dividends and discretionary trusts. In basic terms, this means that because dividends are paid gross, dividends that fall … Continue reading

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Directors will pay

The Treasury expects to collect £2.6 billion in extra tax because business owners have accelerated dividend payments to avoid a looming tax hike, says the Financial Times. The tax rate on dividends in excess of £5,000 a year rose by … Continue reading

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