How much is tax on dividends?
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philip
Apprentice
Joined: 14 Mar 2008
Posts: 3
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 Posted: 05/25/09 - 08:20 Post subject: |
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| Hello! I am Jack and I am kindly asking you for help. Namely, I am director of limited company and I will receive about 20000 GBP as dividend and about 4000 – 5000 GBP as pay. So, regarding the fact that my company will pay 19% tax on dividends, will I need to pay same amount of money on my dividends? |
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redd
Apprentice
Joined: 28 Jun 2007
Posts: 4
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| Posted: 06/24/09 - 01:25 Post subject: |
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| Hello, Jack! I will try to explain you this: up to about 32000 GBP tax 10%; above mentioned sum tax arise to 40%. But, if amount of money which you mentioned above is your only income this year, then you will not need to pay any tax on dividends this year. I hope I was understandable enough for you! |
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