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Corporation tax in the UK is currently at 19%. If you are a UK tax resident, you also have to pay dividend tax which starts at 7.5% (over your allowance).
by istotex 8y ago
Corporation tax in the UK is currently at 19%. If you are a UK tax resident, you also have to pay dividend tax which starts at 7.5% (over your allowance).
- frereubu 8y agoMore information here: https://www.gov.uk/tax-on-dividends https://www.gov.uk/tax-on-dividends It jumps significantly (next step up is 32.5%) once you move into the higher income tax brackets, which start at £46k: https://www.gov.uk/income-tax-rates https://www.gov.uk/income-tax-rates
- BerislavLopac 8y agoBut only for the difference.