SME dividends set for tax?
28 August 2012
Changes to the way small limited companies are taxed will be outlined in this year’s Budget and could mean National Insurance payments on dividends, warns the Federation of Small Businesses (FSB).
The FSB has demanded that the government provide more information on hints of the tax changes made in the Chancellor’s Pre Budget report.
Paragraph 5.91 of the report reads: "The government is concerned at the longstanding differences in tax treatment between earned income and dividend income of small incorporated businesses [and] will bring forward specific...