It’s been no great secret for many years that some sort of tax or NI charge on dividends was on the cards. However the announcement in this summer’s budget still took many by surprise. Having done the maths and looked at the options, there is no doubt that the new tax will result in an extra cost for many businesses, in addition to the costs of Auto Enrolment pensions that have already started this year for several of our clients. It is now more important than ever to invest time in tax planning and be aware of your options to enable you to plan for the future. Please get in touch with us if you have any questions about the new taxes on dividends or any other tax or accounting matters.