@360.accounts: The tax-free dividend allowance is now just £500. Back in 2022, directors could take £2,000 of dividends taxed at 0%. Before that, the allowance was £5,000. Most director-shareholders we speak to are still planning as if those old numbers apply. Here's what that means in practice: if you take £30,000 in dividends this year, £29,500 falls outside the dividend allowance. The amount of tax you'll actually pay depends on which tax band you're in. The allowance shrank quietly in April 2024. The tax bill did not. Need any help? Contact us now for more information! 07500962377 / [email protected] #taxinformation #tax #guildfordsurrey #guildfordaccountant #surreybusiness

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