Most Tax Efficient Director Salary and Dividend Strategy for 2026/27
Posted on February 25, 2026Dividends vs salary. For most owner-managed limited company directors, the most tax-efficient remuneration strategy in 2026/27 will usually be: A salary up to £12,570 combined with dividends, adjusted depending on other income, National Insurance po More...
Upcoming Tax Changes for the 2023/24 Tax Year
Posted on March 2, 2023INCOME TAX The rates of 20% (basic)/40% (higher)/45% (additional) will remain unchanged. The thresholds will stay as £12,570 personal allowance and £37,700 the basic rate band BUT the additional rate will decrease from £150,000 to £125,140 whi More...
What is the most tax efficient remuneration strategy for directors in the 2023/2024 tax year?
Posted on March 2, 2023Changes in 2023/24 affecting the remuneration strategy for directorsThere are very few changes for the 2023/2024 tax year which starts on 6th April other than the reduction in the dividend allowance down from £2,000 to £1,000. The personal allowance ha More...
2022/2023 Tax Year – What do I need to know?
Posted on March 10, 2022An overview of the changes to the tax rules for the coming tax year. Personal Allowance, National Insurance and Employment Allowance The personal allowance is remaining at £12,570, and the higher rate tax threshold is remaining at £50,270. Fro More...
Making Tax Digital (MTD) for small businesses
Posted on March 1, 2019From 1 April 2019 businesses in MTD for VAT were required to: Maintain their accounting records digitally in a software product eg Xero, Quickfile or a spreadsheet, andSubmit their VAT returns to HMRC using functional compatible software. HMRC are More...
