Dividend Tax Increases
As part of the governments Health and Social Care proposals, an increase of 1.25% to all current dividend tax rates has been announced with effect from 6 April 2022. The increase will apply to all taxable dividends outside of the personal allowance and dividend allowance.
Health And Social Care Levy
On 7 September the Prime Minister unveiled a £12billion a year tax rise to pay for the NHS and social care. From April 2022, a temporary increase in National Insurance Contributions rates and tax in dividends will increase by 1.25%.
