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Tax Planning
13 October 2021

How the dividend tax increase impacts contractors and directors

Recently, Boris Johnson announced that taxes on company dividend payments will increase by 1.25% to help fund social care and cut NHS waiting lists. Effectively, individuals will see a 1.25% rise in National Insurance contributions to raise an estimated £600m in tax revenue.  Levied on both employers and employees, the system will invariably impact self-employed, small business… Read More

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