In his Summer Budget the Chancellor announced significant increases to the taxation of dividends. This increase in the rate of tax is supposed to create a level playing field between trading via a company versus an unincorporated business.

You may have clients who no longer wish to trade through a limited company, perhaps because of these changes or retirement etc.

If your clients wish to extract funds via a capital distribution then our MVLs start from £750 + disbursements + VAT and the first distribution is normally made within the first 35 days.

Please also remember that the Chancellor has not yet introduced measures to reduce the life time allowance for Entrepreneurs’ Relief or change the 10% rate. If you have any clients who wish to take advantage of Entrepreneurs’ Relief then we suggest that they initiate the process sooner rather than later.

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