Monthly Archive: Jan 2017

Tax Tip: Tax Free Dividends?

From 6 April 2016, the notional 10% tax credit on dividends is abolished and a £5,000 tax free dividend allowance is introduced. Dividends above this level are taxed at 7.5% (basic rate), 32.5% (higher rate), and 38.1% (additional rate). Dividends received by…
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Finance Bill 2017 – Draft Legislation

The Finance Bill 2017 draft legislation was published on 5 December 2016. The Bill contains the legislation for many of the tax measures that have been announced by the government. The Bill is open for comment until 1 February 2017…
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Festive tax return figures down

Over 24,000 people submitted their self-assessment tax returns over the holiday period this year, ahead of the 31 January deadline. According to figures by HMRC, more than 16,000 people submitted their tax return on New Year’s Eve, while almost 2,000 took time…
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Does the AIM market need a makeover?

Over the past nine years, the AIM market has shrunk by 41% – down from 1,694 companies at the end of 2007 to 993 now, according to research by UHY Hacker Young That includes a net loss of 61 companies…
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