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  • Tax Breaks for Directors - Part 2  Director shareholders - 13. Dividends - 13.2. The tax break dividend
    13.2. The tax break dividendTax breakWhere your net taxable income, i.e. income after deducting reliefs and allowances, does not exceed the basic rate band, you’ll pay no income tax on the first £2,000 of dividend income and just 7.5% on the balance. The basic rate tax band for 2020/21 is £37,500.2020/21£Personal allowance£12,500Add: basic rate band£37,500Total£50,000The first £2,000 of dividends is taxed at 0%. Whatever amount of the 0% band you use will reduce the amount of basic or higher rate band...
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