Welcome to the April 2026 Tax Update and the start of the new tax year. In this issue we take a look at MTD for Income Tax going live, tax changes for 2026-27, VAT on public electric vehicle charging and dates on the Accounting Horizon. MAKING TAX DIGITAL FOR INCOME…
Extracting Dividends from your company ahead of the April 2026 Tax Rise. If you are a shareholder, from 6 April 2026, the tax you pay on dividends is increasing, as follows: Basic rate moves from 8.75% to 10.75% Higher rate moves from 33.75% to 35.75% Additional rate remains at 39.35%…
Dividend Tax Rates Rising in April 2026:What Does It Mean for Profit Extraction? The recent Budget confirmed that dividend tax rates will increase from April 2026. The ordinary and upper rates of dividend tax will both rise by 2%. For many small and medium-sized companies, dividends are central to how…