Dividend allowance down to £2,000
11th April 2018
In 2017/18 the first £5,000 of dividends are chargeable to tax at 0% (the Dividend Allowance). From 6 April 2018 the Dividend Allowance is reduced to £2,000. Dividends received above the allowance are taxed at the following rates:
- 5% for basic rate taxpayers
- 5% for higher rate taxpayers
- 1% for additional rate taxpayers
Internet links: GOV.UK spring statement 2018 GOV.SCOT Scottish income tax
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