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Plan ahead for increases in the dividend tax rates

Plan ahead for increases in the dividend tax rates

by VelocityAS | Oct 1, 2021 | Business, Dividends, income, National Insurance, Tax

As part of the Government’s funding strategy for health and social care, the dividend tax rates are to be increased from April 2022, alongside the temporary increases in National Insurance, and, from April 2023, the introduction of the Health and Social Care Levy. The...
National Insurance rises and the Health and Social Care Levy

National Insurance rises and the Health and Social Care Levy

by VelocityAS | Oct 1, 2021 | National Insurance, Tax

On 8 September 2021, the Prime Minister outlined the Government’s plans for health and social care, including a new funding strategy designed to meet social care costs. A new tax, the Health and Social Care Levy, is to be introduced from 2023. However, as a temporary...

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