Tax

Budget Update

Here are the highlights from a fairly content free budget. The main budget is moving to the Autumn from this year.   TAX FREE DIVIDEND ALLOWANCE TO BE REDUCED TO £2,000 The Chancellor also announced measures to limit the rise in tax-driven incorporation. The £5,000 tax free dividend allowance introduced by George Osborne will be

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New tax rules around liquidating or striking off a Company

  LIQUIDATING A COMPANY – IS IT A CAPITAL GAIN? One of the anti-avoidance measures being introduced by the latest Finance Bill potentially changes the way that certain payments to shareholders will be taxed. This may result in payments following some company liquidations being taxed as dividends instead of capital gains. The Government is concerned

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