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1. • 6th April 2022

     
     • On 6th April 2022, the rate of tax payable on dividends paid out to shareholders by UK companies is increasing.
     gosuperscript.com/news-and-resources/dividend-tax-increase/

     What is the dividend tax and how much is it increasing by?

2. People also ask

   When does dividend tax go up in 2022?

   • In September 2021, the government announced an increase to dividend tax rates by 1.25 percentage points, which came into force on 6 April 2022. The new rates apply to dividends taken as income in the 2022-23 tax year and thereafter. If you pay tax on dividend income through your tax code, your dividend tax bill will have gone up from 6 April 2022.

   Dividend tax explained - Which?

   www.which.co.uk/money/tax/income-tax/income-tax-on-savings-and-investments/dividend-tax-acgkH1d52i7d

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   What are the dividend tax rates for 2022/23?

   • Consequently, the dividend tax rates for 2022/23 are as follows: Dividend ordinary rate: 8.75%. Dividend upper rate: 33.75%. Dividend additional rate: 39.35%. Milly is a student. She earns £3,000 in 2022/23 from part-time work. She also holds shares in her family’s company, in respect of which she receives a dividend of £5,000.

   Taxing times: Dividends in 2022/23 - Tax Insider

   www.taxinsider.co.uk/taxing-times-dividends-in-202223

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   Do you pay tax on dividends in 2021-22?

   • In the 2021-22 tax year, you won't need to pay any tax on dividend income on the first £2,000 you receive, under the tax-free dividend allowance. Above this allowance, you pay tax based on the rate you pay on your other income - known as your 'tax band' or sometimes called your 'marginal tax rate'.

   Dividend tax rates to rise in 2022: what does this mean for ... - Which?

   www.which.co.uk/news/article/dividend-tax-rates-to-rise-in-2022-what-does-this-mean-for-investors-aPKAq0Z2p8me

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   What is the Dividend Trust rate of income tax in 2022?

   • This measure will increase each rate by 1.25% to 8.75% 33.75% and 39.35% from April 2022. The dividend trust rate of Income Tax is currently 38.1%. This will also be increased to 39.35% from April 2022 to remain in line with the additional rate. This measure supports the government’s objective of raising revenue.

   Increase of the rates of Income Tax applicable to dividend income

   www.gov.uk/government/publications/increase-of-the-rates-of-income-tax-applicable-to-dividend-income/increase-of-the-rates-of-income-tax-applicable-to-dividend-income-2104

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   Will tax on dividends reduce my tax bill in 2022-23?

   • As tax on dividends is lower than other income (even after the planned hike), you could reduce your overall tax bill. The government estimates affected taxpayers will pay an average of £150 more on their dividend income in 2022-23. Affected higher-rate taxpayers are expected to pay, on average, an additional £403.

   Dividend tax rates to rise in 2022: what does this mean for ... - Which?

   www.which.co.uk/news/article/dividend-tax-rates-to-rise-in-2022-what-does-this-mean-for-investors-aPKAq0Z2p8me

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   What is the dividend allowance for 2022/23?

   • The dividend allowance is available in addition to the personal allowance. It is set at £2,000 for 2022/23. Although termed the ‘dividend allowance’, it is actually a zero-rate band rather than an allowance, with dividends sheltered by the allowance being taxed at a zero rate. However, the allowance uses up part of the tax band in which it falls.

   Taxing times: Dividends in 2022/23 - Tax Insider

   www.taxinsider.co.uk/taxing-times-dividends-in-202223

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3. www.gov.uk › tax-on-dividendsTax on dividends: How dividends are taxed - GOV.UK

   www.gov.uk › tax-on-dividends

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   You get £3,000 in dividends and earn £29,570 in wages in the 2022 to 2023 tax year. This gives you a total income of £32,570. You have a Personal Allowance of £12,570.

4. www.which.co.uk › dividend-tax-acgkH1d52i7dDividend tax explained - Which?

   www.which.co.uk › dividend-tax-acgkH1d52i7d

   In September 2021, the government announced an increase to dividend tax rates by 1.25 percentage points, which came into force on 6 April 2022. The new rates apply to dividends taken as income in the 2022-23 tax year and thereafter. If you pay tax on dividend income through your tax code, your dividend tax bill will have gone up from 6 April 2022.

5. forbesdawson.co.uk › 10 › 02Dividend tax confusion - Forbes Dawson

   forbesdawson.co.uk › 10 › 02

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   Oct 2, 2020 · A dividend which is received on 5 April 2021 will be taxable on 31 January 2022, whereas a dividend which is received on 6 April 2021 will be taxable on 31 January 2023. So far so simple, but there are other nuances that director shareholders should be aware of.

6. www.which.co.uk › news › articleDividend tax rates to rise in 2022: what does this mean for ...

   www.which.co.uk › news › article

   Sep 8, 2021 · Find out how much your dividend tax bill could increase by in 2022-23. The government plans to increase dividend tax by 1.25 percentage points, which means investors will have to pay more on the money they get from owning company shares.

7. www.taxinsider.co.uk › taxing-times-dividends-inTaxing times: Dividends in 2022/23 - Tax Insider

   www.taxinsider.co.uk › taxing-times-dividends-in

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   Dividends have their own tax-free allowance – the dividend allowance. All taxpayers are entitled to a dividend allowance, regardless of the rate at which they pay tax. The dividend allowance is available in addition to the personal allowance. It is set at £2,000 for 2022/23.

8. www.nortonrosefulbright.com › en-gb › knowledgeTiming of dividends for income tax purposes | United Kingdom ...

   www.nortonrosefulbright.com › en-gb › knowledge

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   The recent decisions of Gould v HMRC [2022] UKFTT 431 (TC) and M Jays and another v HMRC [2022] UKFTT 420 (TC) show that for income tax purposes, the question of whether and when a dividend has been paid will, in large part, turn on a corporate law analysis of the underlying documentation.

9. www.gov.uk › government › publicationsIncrease of the rates of Income Tax applicable to dividend ...

   www.gov.uk › government › publications

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   Oct 27, 2021 · This measure will apply from 6 April 2022. Current law. The current rates of Income Tax on dividend income are outlined in Chapter 2 of Part 2 of the Income Tax Act 2007. The current rates...