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1. www.gov.uk › government › publicationsAutumn Budget 2024 — Overview of tax legislation and rates ...

   www.gov.uk › government › publications

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   3 days ago · As announced at Autumn Budget 2024, the government will introduce legislation in Finance Bill 2024-25 to increase the main rates of Capital Gains Tax (CGT) from 10% and 20% to 18% and 24% ...

   • Increase of the rates of Income Tax applicable to dividend ...

     Legislation will be introduced in Finance Bill 2021-22 to...

2. moneyweek.com › personal-finance › taxAutumn Budget 2024: which taxes are going up? - MoneyWeek

   moneyweek.com › personal-finance › tax

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   3 days ago · Capital gains tax. There were plenty of rumours about capital gains tax (CGT) rising, with expectations that the rate could almost double. The chancellor has opted to immediately increase the ...

3. www.uniwide.co.uk › latest-changes-to-the-dividendLatest Changes to the Dividend Allowance for 2024/25

   www.uniwide.co.uk › latest-changes-to-the-dividend

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   Jul 5, 2024 · Example 2: You receive £40,000 in dividends in the tax year 2024/24. Your dividend tax allowance is £500. Once your tax-free Personal Allowance of £12,570 is deducted, you will need to pay dividend tax at the basic rate of 8.75% on the remainder of £26,930. Your dividend tax bill will, therefore, be £2,356.

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

   www.gov.uk › tax-on-dividends

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   • Dividend allowance
   • Working out tax on dividends
   • Pay tax on up to £10,000 in dividends
   • Pay tax on over £10,000 in dividends
   • Selling your shares

   The rules are different for dividends before 6 April 2016.

   See full list on gov.uk

   Example

   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. Take this off your total income to leave a taxable income of £20,000. This is in the basic rate tax band, so you would pay: 20% tax on £17,000 of wages no tax on £2,000 of dividends, because of the dividend allowance 8.75% tax on £1,000 of dividends

   See full list on gov.uk

   Tell HMRC by:

   •contacting the helpline

   •asking HMRC to change your tax code - the tax will be taken from your wages or pension

   •putting it in your Self Assessment tax return, if you already fill one in

   See full list on gov.uk

   Register for Self Assessment

   You’ll get a letter telling you what to do next after you’ve registered. Register now

   See full list on gov.uk

   You may need to pay tax if you sell your shares.

   See full list on gov.uk

5. 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 · Legislation will be introduced in Finance Bill 2021-22 to change sections 8 and 9 of the Income Tax Act 2007 to increase the rates of tax applicable to dividend income including the dividend...

   • Individuals who pay tax on their dividend income.
   • This measure increases the rates of Income Tax applicable to dividend income. Currently the ordinary rate, upper rate and additional rate are 7.5%,...
   • This measure supports the government’s objective of raising revenue. In England, revenue from this increase will help to fund the health and social...
   • Since April 2016, the rates of Income Tax applicable to dividend income have been 7.5%, 32.5% and 38.1% for basic, higher and additional rate taxpa...
   • This measure will be monitored through information collected from tax returns.
   • If you have any questions about this change, please contact Matt Weightman by email: matthew.weightman@hmrc.gov.uk

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

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

   If you pay tax on dividend income through your tax code, your dividend tax bill will have gone up from 6 April 2022. But if you pay tax through a self-assessment tax return, you would have until 31 January 2024 to pay the higher dividend tax rates on your 2022-23 dividend income.

8. www.which.co.uk › money › taxDividend tax calculator - Which?

   www.which.co.uk › money › tax

   Use our 2024-25 and 2023-24 dividend tax calculator to work out how much tax you'll pay on the dividends you earn from shares. The calculator's dropdown menu can also show you what you'll pay in 2022-23 and 2021-22.

9. People also ask

   When will my dividend tax bill go up?

   • If you pay tax on dividend income through your tax code, your dividend tax bill will have gone up from 6 April 2022. But if you pay tax through a self-assessment tax return, you would have until 31 January 2024 to pay the higher dividend tax rates on your 2022-23 dividend income.

   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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   Do you pay tax on dividends?

   • You do not pay tax on any dividend income that falls within your Personal Allowance (the amount of income you can earn each year without paying tax). You also get a dividend allowance each year. You only pay tax on any dividend income above the dividend allowance. You do not pay tax on dividends from shares in an ISA.

   Tax on dividends: How dividends are taxed - GOV.UK

   www.gov.uk/tax-on-dividends

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   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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   Do I need to tell HMRC if my dividends are taxable?

   • You do not need to tell HMRC if your dividends are within the dividend allowance for the tax year. You’ll need to fill in a Self Assessment tax return. If you do not usually send a tax return, you need to register by 5 October following the tax year you had the income. You’ll get a letter telling you what to do next after you’ve registered.

   Tax on dividends: How dividends are taxed - GOV.UK

   www.gov.uk/tax-on-dividends

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   How do I use the dividend tax calculator?

   • To use our calculator, simply enter in the amount of dividends you think you'll earn over the 2024-25 or previous tax years. You'll also need to enter in your gross income for the year so that we can correctly work out what rate of dividend tax you'll pay.

   Dividend tax calculator - Which?

   www.which.co.uk/money/tax/income-tax/income-tax-on-savings-and-investments/dividend-tax-calculator-aNE2C9l1i9qq

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   Who will be affected by dividend tax?

   • Individuals who receive dividend income and pay tax on that income will be affected. It is estimated that this will affect 2,555,000 individuals in the year 2022 to 2023.

   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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