Prepare for higher dividend tax rate 2023/2024
Prepare for higher dividend tax 2023/24
February 5, 2023The tax you pay on dividends increased by 1.25 percentage points from 6 April 2022; these higher rates will remain in place for 2023/24. The dividend allowance in 2023/2024 will be cut from £2,000 to £1,000 on 6 April 2023 and cut again to £500 in April 2024. This is due to the higher dividend
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