We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Personal Taxation Of Dividend Income
haroldsosky
Posts: 2 Newbie
in Cutting tax
so one of my colleagues(UK-based) and long term friend received part of his income as dividends.
He's trying to find out how to calculate the income tax liability on this income. Having looked at various helpful websites he said he was still rather confused. SO, I thought I could get some help here!..
Can anyone help me on this?
He's trying to find out how to calculate the income tax liability on this income. Having looked at various helpful websites he said he was still rather confused. SO, I thought I could get some help here!..
Can anyone help me on this?
0
Comments
-
haroldsosky wrote: »He's trying to find out how to calculate the income tax liability on this income. Having looked at various helpful websites he said he was still rather confused. SO, I thought I could get some help here!..
The gross dividend should be added onto this total income. If he is sitill a basic rate taxpayer that that point there is no further tax due. If he is a higher rate taxpayer the he is due to pay an extra 22.5% tax on the gross dividend.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards