The 2016 Autumn Statement delivered few surprises but there wasn’t much in it to help owner managed businesses who continue to struggle with the vast array of costs and red tape imposed upon them by central government. Here are the main points:- Income tax As previously announced, the Personal allowance will rise again from […]

The new personal tax on dividends will apply to all dividends paid after 5 April 2016. Company owners should therefore be looking to maximise their dividends before this date. For lower rate taxpayers this essentially means voting dividends to take them up to the top of the lower rate tax band (currently £42,385). Up to […]