Dividend Tax Charge Increase to Come

Dividend Tax Charge Increase to Come

Alongside the 1.25 percentage point increase in National Insurance contributions, the tax on dividend income will also increase by 1.25% to help support the NHS and social care from April 2022. Company shareholders receiving dividends are taxed on dividend income...
New Health and Social Care Tax to be introduced

New Health and Social Care Tax to be introduced

The Prime Minister has announced a new Health and Social Care Tax to be introduced in the UK from April 2022, to bolster social care and increase funding for the NHS in England. This tax will begin with a 1.25 percentage point increase in National Insurance paid by...