Wages and Dividends for 2018-19

Posted by Kath Docherty on March 14, 2018  /   Posted in Contractors, Directors Remuneration, Dividends, Employers

Here we outline the suggested combination of salary and dividends from your limited company to make best use of the tax rates and allowances.

If you are looking at taking alternative combinations of salary and dividends, additional tax and NI will be due.

Tax will be payable on all dividends in excess of £2k so you should ensure you make sufficient provision to pay this additional tax by making regular payments to HMRC throughout the year.

Details of how to make payments with HMRC are listed here  

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Cars for Employees

Posted by Kath Docherty on January 19, 2018  /   Posted in Cars, Employers

The current regime for taxing employer provided cars (commonly referred to as company cars) is intended:

  • to encourage manufacturers to produce cars which are more environmentally friendly and
  • to give employee drivers and their employers a tax incentive to choose more fuel-efficient and environmentally friendly vehicles.

We set out below the main areas of importance. Please do not hesitate to contact us if you require further information.

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