Budget 2004

Grant Thornton


Personal Taxation

Grant Thornton

Taxation of Dividends

On the gross amount* at the rate of

  • 10% for starting and basic rate taxpayers – liability covered by tax credit
  • 32.5 % for higher rate taxpayers – equivalent to effective rate of 25% of dividend received
  • 32.5 % (25% 2003/2004) for discretionary and accumulation and maintenance trusts – equivalent to effective rate of 25% (16.66 % 2003/2004) of dividend received

Shareholders are not entitled to repayment of tax credits
Repayments for ISAs, PEPs and charities on a restricted basis prior to 6 April 2004

* Dividend received plus tax credit

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>