Summer Budget 2015: Contractor dividend tax tables

The following tables show the income tax position under Summer Budget 2015 for an individual with no other sources of income other than dividends.

Compiled by accountancy firm Moore Stephens LLP exclusively for ContractorUK, the tables also show how the Budget’s proposed reforms to income tax rules will impact various levels of dividend income.

This article has been updated (Aug 26th, 2015) to reflect clarifications in this factsheet by HMRC.

Year ended 5th April 2016 - click here to see table

Year ended 5th April 2017 - click here to see table

Comparison - click here to see table

Editor’s Note: The calculations in these tables are subject to change pending the release of detailed guidance in the Finance Bill and/or the release of the actual legislation to enact the dividend reforms.

Related Reading -

Osborne used 'tax imbalances' to meet £5bn target

Osborne's dividend raid valued at upwards of £6billion

Summer Budget 2015 hits PSC contractors, hard

Summer Budget 2015 - overview for contractors

Summer Budget 2015 - chancellor's full speech

Friday 17th Jul 2015
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Written by Simon Moore

Simon writes impartial news and engaging features for the contractor industry, covering, IR35, the loan charge and general tax and legislation.
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