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      Tag: Corporation tax

      Change of Dividend Legislation

      Under the current legislation, dividends attract a 10% tax credit which means that basic rate tax payers pay no tax on £28,800 of dividend income (assuming all of the personal allowance has been used by on other income), while higher rate tax payers pay an effective rate of 25%. This is because dividends are paid…

      February 16, 2016
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      Turas Accountants
      We are a team of friendly, experienced accountancy staff that come to work every day to help our clients with their accounts, VAT returns, bookkeeping, payroll and tax. Our office is based in Telford, Shropshire
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