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Small company dividends will be taxed at 19 per cent.
He announced that he will retain the zero per cent tax band for the first £10,000 of profits. His aim is ‘to encourage investment in the business while ensuring that businesses do not avoid tax by taking income as dividends rather than salary.’
Shout99 will be continuing coverage of the issues relevant to freelancers during the day, with expert comment and analysis from Kevin Miller and freelancer tax specialists, Qdos Consulting
More news on developments to follow.
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Susie Hughes © Shout99.com 2004
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Budget Flash (1): IR591 = 19% dividend tax
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Susie Hughes - 13:11 17/03/04
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Dates?
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helqasem - 13:23 17/03/04
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WEB REF / Details
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VXJK - 13:55 17/03/04
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Dates an some others from IR site
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Gnashmills - 14:01 17/03/04
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Discrimination & a sexist tax policy?
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reclspeak - 14:52 17/03/04
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Not sexist
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alanp - 15:39 17/03/04
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No, no. no...
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mattgb - 15:54 17/03/04
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enjoying your ex-spouse
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hartashford - 16:16 17/03/04
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Married status
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reclspeak - 16:25 17/03/04
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"Tax Loophole" closed
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Morton3575 - 14:01 17/03/04
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A loophole he created
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nigelblt - 18:41 17/03/04
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FSB: Enterprise concession
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VXJK - 20:02 17/03/04
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BBC Breakfast TV
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andyr2 - 16:54 18/03/04
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from 1/4/04
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yarwell - 14:44 17/03/04
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New profit, or retained profit
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alanp - 14:47 17/03/04
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More retained profits questions
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Spence - 15:51 17/03/04
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retained profit no tax??
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gps - 16:45 17/03/04
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wishful thinking
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silicondale - 17:04 17/03/04
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yes, but...
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scamfree - 17:28 17/03/04
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sure, but
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silicondale - 17:45 17/03/04
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Is Tax credit limited to 10%
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davidallen - 17:31 17/03/04
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currently the divi is not taxed
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yarwell - 20:06 17/03/04
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Accounting terms aside...
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murrayie - 20:24 17/03/04
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What does this ACTUALLY mean
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ferretktf - 15:56 17/03/04
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Taxation of small companies-the actual changes
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wdr - 17:21 17/03/04
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interesting ...
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silicondale - 17:52 17/03/04
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it isn't that simple
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wdr - 19:08 17/03/04
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minor correction
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wdr - 19:27 17/03/04
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I'm sure they'll have a rule for that
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silicondale - 08:37 18/03/04
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Jointly owned shares by maried couple hit
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gps - 16:11 17/03/04
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Over 50K profit - no extra tax!
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gps - 16:21 17/03/04
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Over 50K profit - no extra tax!
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abyford - 18:21 17/03/04
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So if you have a bad year...
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nigelblt - 18:43 17/03/04
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Going back in time
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wlsolutions - 09:22 18/03/04
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Careful this is not the IR591 solution
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concussed - 16:53 17/03/04
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5.95
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silicondale - 17:12 17/03/04
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...I think you may be right
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andyr2 - 09:33 18/03/04
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New shorter tax return
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mseddon - 20:11 17/03/04
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New shorter tax return pt II
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wlsolutions - 09:05 18/03/04
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In Simple Terms?
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lclarke - 17:06 17/03/04
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yes
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silicondale - 17:47 17/03/04
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In simple terms, yes
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koru - 17:57 17/03/04
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In simple terms, yes ...
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Taliesin - 12:11 18/03/04
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right and wrong
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koru - 13:28 18/03/04
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right and wrong
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Taliesin - 15:13 18/03/04
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No, I don't work for the IR
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koru - 15:57 18/03/04
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No, I don't work for the IR
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Taliesin - 17:15 18/03/04
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Dunno
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koru - 21:30 18/03/04
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Re: right and wrong
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Simpson_Neil - 17:23 18/03/04
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That's right
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koru - 21:27 18/03/04
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Re: That's right
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Simpson_Neil - 21:42 18/03/04
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Reduce the impact
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pdof1 - 01:24 18/03/04
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Re: Reduce the impact
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Simpson_Neil - 07:23 18/03/04
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Reducing the impact
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pdof1 - 17:00 18/03/04
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Looking at it another way
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JohnBell - 20:07 18/03/04
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Alternative Pension
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pdof1 - 00:45 19/03/04
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