If you are a company shareholder, from April 2026 dividends drawn from the company will be subject to higher rates of tax. The basic and higher rates of dividend tax will rise by 2% to 10.75% and 35.75% respectively.
Following these changes, ensuring you are still on the most tax-efficient route to extract profit from the company will be important.
Please speak to your usual contact at Galloways for advice.
