Changes to Tax Dividends for 2016/17July 11, 2017
From 6th April 2016 changes to the taxation of dividends were introduced. This may affect your tax return for the year ended 5th April 2017 and also your tax liability due by 31st January 2018.
We have prepared a leaflet which provides guidance as to how this may affect you.
If you receive significant dividend income you are likely to notice a change on your tax return. This makes it all the more important that your 2016/17 tax return is prepared as early as possible and we would ask that you ensure your information is provided as soon as you can manage, whether this is information for your tax return or information to enable us to prepare your accounts.
If you would like to discuss the dividend changes and how they will impact you, you can call or email our tax team or your normal point of contact at Henderson Loggie.