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Dividends and Profit Extraction: Pay Less Tax

A Tips & Advice Special Report about...

In a nutshell

This Special Report brings you quickly up to speed with the dividend tax rules for 2020/21. It will help you minimise their effect, stay tax efficient and develop an effective overall profit extraction strategy.

In detail

Everyone who owns shares in a company was affected by changes that took effect in April 2016. Since then dividends have become more expensive. The coronavirus crisis has hit small businesses especially hard so careful planning is more vital than ever to ensure legitimate tax savings are secured wherever possible.

It covers:

  • The 2020/21 dividend tax rates
  • How the dividend zero-rate band works
  • Extracting profit from your business tax efficiently
  • Detailed examples of the 2020/21 regime in action
  • The merits of incorporation
  • Making sure you don’t unwittingly fall foul of the anti-avoidance rules
  • Long-term tax planning

While you cannot avoid the dividend tax rules, our Special Report explains how to work with them to stay tax efficient whilst considering other profit extraction techniques.

We've created this Tips & Advice Special Report especially for... 

Anyone with a share portfolio, company owner managers and owners of unincorporated businesses with an eye on moving to a limited company that want to:

  • Stay tax efficient in difficult times
  • Develop an effective profit extraction strategy

You'll get the following free extras with this Tips & Advice Special Report... 

An online service with ready-to-use documents

  • To immediately apply our advice and solutions in practice
  • That you can easily adapt to suit your own requirements

In this Tips & Advice Special Report you'll read about...

1. Dividend tax in 2020/21

2. The employment allowance for director shareholders

3. Profit extraction for 2020/21

4. Is incorporation still worthwhile?

5. Anti-avoidance - is it capital or income?

6. Proactive planning

7. Appendices

Appendix 1. Total tax and NI payable at different profit levels

Appendix 2. Income Tax (Trading and Other Income) Act PART 4 - TAAR (distributions on a winding up)

Appendix 3. Checklist for paying dividends

Appendix 4. Timing interim and final dividends

Appendix 5. Scottish income tax rates and thresholds 2019/20 and 2020/21

Appendix 6. Relevant earnings: reproduced from HMRC Pensions Tax Manual PTM044100

Documents

Dividend voucher

Distributable profits board minute

Dividend waiver

Disincorporation relief claim

Director’s loan account record

You can choose from the following options...

Paper

  • The hard copy version
  • Keep it on your desk or use it whenever you're offline

Digital

  • The PDF-version
  • Delivered to your inbox

Take a look at your options below.

Offer
Printed version
PDF-version
Online service

 

 

Offer
Printed version
PDF-version

 

 

PAPER + ONLINE SERVICE

Special subscribers' offer

£77.00

£57.00

Only if you already have a subscription
 

Standard offer

 

£77.00

 
PDF + ONLINE SERVICE

Special subscribers' offer

£77.00

£57.00

Only if you already have a subscription
 

Standard offer

 

£77.00

 
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