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Taxation of dividend income from 6 April 2016

Posted: 28th Aug 2015 by Robert Salenius Taxation

Taxation of dividend income from 6 April 2016 From April 2016 the Dividend Tax Credit will be replaced by a new tax-free Dividend Allowance. The Dividend Allowance means that you won’t have to pay tax on the first £5,000 of your dividend income, no matter what non-dividend income you have. You’ll pay tax on any… Read more