{"id":1415,"date":"2021-09-08T04:00:00","date_gmt":"2021-09-08T04:00:00","guid":{"rendered":"im-22478"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T00:00:00","slug":"dividend-tax-increase-announced","status":"publish","type":"post","link":"https:\/\/ep-accountants.co.uk\/dividend-tax-increase-announced\/","title":{"rendered":"Dividend tax increase announced"},"content":{"rendered":"<p>The 1,25% increase in NIC contributions from April 2022 will be mirrored by a similar increase in the tax charge on dividends.&nbsp;From April 2022, the dividend tax increases will apply as follows:<\/p>\n<ul>\n<li>Basic rate taxpayers will see an increase from the present 7.5% to 8.75%.<\/li>\n<li>Higher rate taxpayers will see an increase from 32.5% to 33.75%.<\/li>\n<li>Additional rate taxpayers will see an increase from 38.1% to 39.35%.<\/li>\n<\/ul>\n<p>This change will apply UK-wide. It will be scored at the Budget and legislated for in the next Finance Bill.<\/p>\n<p>Dividend tax is charged on taxable dividend income an individual receives that falls outside of the personal allowance (&pound;12,570 in 2021-22) and the dividend allowance (&pound;2,000 in 2021-22). Taxable dividend income excludes, for example, dividends on assets held in ISAs.<\/p>\n<p>Affected basic rate taxpayers are expected to pay, on average, an additional &pound;150 on their dividend income in 2022-2314 . Affected higher rate taxpayers are expected to pay, on average, an additional &pound;403 on their dividend income in 2022-23. Additional and higher rate taxpayers are expected to contribute over 70 per cent of the revenue from this increase in 2022-23.<\/p>\n<div style='font-size:smaller' class='im_source'>Source: HM Revenue &#038; Customs   Wed, 08 Sep 2021 00:00:00 +0100<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The 1,25% increase in NIC contributions from April 2022 will be mirrored by a similar increase in the tax charge on dividends. From April 2022, the dividend tax increases will apply as follows:<\/p>\n<p>\tBasic rate taxpayers will see an increase from the<\/p>\n","protected":false},"author":1,"featured_media":1416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1415"}],"collection":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/comments?post=1415"}],"version-history":[{"count":0,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media\/1416"}],"wp:attachment":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media?parent=1415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/categories?post=1415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/tags?post=1415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}