Dividend Tax Increase from April 2022

Dividend Tax Increase from April 2022

The rate of tax on dividend income is to increase from April 2022. At present, there is also a £2,000 annual tax-free allowance for dividend income.There have been no changes announced to this annual limit, however the rate of tax that is charged on dividends above...
SEISS grants 4 and 5 announced

SEISS grants 4 and 5 announced

It was announced in the Budget that there would be two SEISS grants: Fourth Grant – covering three months at 80% of average trading profits. Paid out in a single instalment and capped at £7,500.You must be a self-employed individual or a member of a...
SEISS grants 4 and 5 announced

Tax Allowances Frozen to 2025/26

In the Budget it was announced that, rather than increase in line with inflation each year, several personal tax allowances are to be frozen.The below allowances will remain at the 2021/22 levels through until 2025/26: Personal Allowance – £12,570 Basic Rate...