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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