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Don’t Fall Into The Dividend ‘Traps’

Don’t Fall Into The Dividend ‘Traps’

The government is increasing dividend tax by 1.25%, and this will have an impact on shareholders, not least those of family and owner-managed companies. The reaction to this announcement might be to withdraw as much as possible before 6 April 2022 to reduce their...

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Payments on account due July 31

Payments on account due July 31

Some taxpayers must pay a tax more than once a year, and if this is you, you are facing a second tax bill before July 31. Those exempt from making a payment on account in July include those who had a self-assessment tax bill of less than £1,000 for the previous tax...

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Use up your tax allowances early in the tax year

Use up your tax allowances early in the tax year

If you are always racing to use up your tax allowances, such as Individual Savings Accounts (ISAs), you are not alone at the last minute before the end of April 5. But you could be making a big mistake. When it comes to mopping up tax allowances, it is best to use...

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Business Asset Disposal Relief (Entrepreneurs Relief)

Business Asset Disposal Relief (Entrepreneurs Relief)

Entrepreneurs' Relief (ER) was renamed Business Asset Disposal Relief (BADR) by Finance Act 2020. Many business owners are familiar with business asset disposal relief (BADR), which offers individuals a capital gains tax rate of 10% on net chargeable gains, up to a...

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