What is a car allowance?
You’ve probably heard of the company car and some its associated tax issues. However, you may not have of a car allowance.
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Planning ahead for the fall in the dividend allowance
Dividend tax rules changed from 6th April 2016 onwards. All taxpayers, regardless of the rate at which they pay tax are entitled to a dividend allowance. From 6th April 2016 this was £5,000 and is set to be decreased to just £2,000 from 6th April 2018.