Tag: Dividends
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Dividend Tax Changes for 2026/27: What UK Business Owners Need to Know
The 2026/27 tax year brings important changes to dividend taxation that will directly impact directors and shareholders of UK limited companies. With increased tax rates and a significantly reduced allowance, it’s more important than ever to review how you extract profits from your business. At M-Power Finance, we’re helping business owners stay ahead of these…
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Changes to Dividend Income Reporting
From 6 April 2025, directors of close companies will face a change in how they report dividend income on their Self-Assessment tax returns. What is changing to Dividend Income Reporting? Currently, directors reporting dividend income on their Self-Assessment tax returns are only required to declare the total amount received across all sources. There is no…