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Changes to taxable benefits from 6th April 2017

Changes to taxable benefits – The good news, the way in which benefits in kind are taxed – company cars, mobile phones, etc. – is unchanged for the tax year just ended, to 5 April 2017. Consequently, you can expect your tax position regarding any benefits you enjoy to be unchanged for 2016-17. This is as long as the benefits themselves have not changed.

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Dividends and tax – What is the current position?

What is the current position regarding dividends and tax? You probably know that one of the most useful ways for owner directors of small companies to reduce their overall tax bill is to pay themselves a reduced salary. Paying just enough to maintain their State benefits entitlements. Then take any balance of remuneration in the form of tax efficient benefits and dividends.

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