1. Dividend Tax
Company directors and private shareholders will have their tax-free allowance on dividends cut from £5,000 to £2,000 from April 2018.
2. National Insurance Contributions
Class 4 NIC, paid by self-employed workers with profits of more than £8,060 a year, will increase to 11 per cent by 2019.
To discuss any of the above and/or other things from The Budget that you think may affect you, please contact us.