TAX ON DIVIDEND & INTEREST

Foreign Dividends

Interest Income

Service Companies

Income Shifting

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Dividend and Interest

APPLY CORRECT RULES TO CALCULATE TAX

The changes made to Dividends Tax and Credits in 2016 were complex, so you should seek professional dividend and tax advice, so you don’t have to pay more than you need. We can help you plan and give professional advice in order to avoid a detrimental effect on your household budget, a couple earning £100,000 per annum are now worse off by around £5,000. Small business owners will also need new guidance, especially if the company owner paid themselves £8,000 per annum to cover basic NIC benefits. The new system could see you pay an extra £2,050 on a dividend of £40,000 with a basic £8,000 salary. Forthcoming amendments to corporation tax will also see these thresholds change over the next few years, so we understand many people will seek the help and support of a professional tax accountant to help plan around these issues. 

FAQ

We Are Here To Help You With Any Questions You May Have

Our tax accountants have extensive experience in personal tax. From very simple self employment tax return to complex personal tax planning, you can call our accountants to discuss your circumstances.

No you may not need an accountant to file your self assessment tax returns. But its always advisable to consult specialist tax accountant, so you are not loosing any tax relief on claimable expenses.

If you sign up to become our client, we will not charge you for the advice. But if you are looking for tax advice only it is dependent on the nature and complexity of your question.  

HMRC have a self explanatory guidance to setup personal tax account. This account will help you to know about your taxes and income for each year. For more information please visit HMRC website.

When it comes to personal tax, as resident in UK, a taxpayer is obliged to pay tax on worldwide income. If you do not live in UK and you have taxable income in UK, you must file tax return to HMRC.

As self employed person you will file your self assessment tax return to HMRC every year. You must total your takings and less business expenses. If you need help with something which you are not sure, you can call our accountants to help you out. For general guidance please visit HMRC website.

If you have made a mistake and want to amend your tax returns, you must get in touch with HMRC and explain to them the nature of mistake or omission. 

It is always dependent on nature of mistake. If the amendment will result in correction of tax liability, then you must file an amended tax return. If you have omitted income and want to correct your records, you would need to file a disclosure.

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Absolutely Free Advice

Don’t pay for the advice. We do not charge our client for advice. 

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Understanding Needs

Our tax accountants understand your business and have industry knowledge

Do Not Miss Deadlines

We will take care of everything and you will not miss your filing deadlines

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What our clients say

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