Reduction in dividend allowance confirmed
13 Sep, 2017
Now that the second Finance Bill of 2017 has been published, we finally have confirmation that a number of measures announced earlier this year are to be included on the statute books. These measures were cut from the first Finance Bill of 2017 due to the
These measures includes confirmation that the reduction in the dividend allowance from £5,000 to £2,000 will come in to effect from April 2018. The £5,000 dividend allowance was introduced in April 2016 and replaced the old dividend tax credit.