Posted in the Self Employed Income Category

Announcements

VAT for Quarter Ending 30th September

If your last VAT quarter ends on 30th September the filing deadline is 31st October and payment is due by 7th November.

Increases in income tax

The tax payable on dividends is set to rise from 7.5% to 8.75% for basic rate taxpayers from 6.4.22. Higher rate taxpayers will pay 33.75% on dividends and additional rate taxpayers must budget for dividend tax of 39.35%. These rates will apply to all dividends taken from all companies where the total dividend income exceeds the dividend allowance which has been held at £2,000 for 2022-23.

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