How Are Dividends Taxed?
Dividends are widely used by companies as a tax efficient way of remunerating its shareholders. The tax system surrounding dividends however is a little more complicated than some other sources of income. This confusion often arises due to the tax credit received on dividends.
PAYE Tax Codes
HMRC are issuing PAYE tax codes for 2012/13. These new coding notices, which are due to be issued between January and March 2012, will be used against employees pay from April 2012 onwards. It is important that these coding notices are checked carefully as an incorrect code will result in too little or too much tax being deducted from pay or pension payments.
Online VAT Returns
Since April 2010 most VAT registered businesses have been required to submit their VAT Returns online and pay any VAT due electronically. From 1 April 2012 all VAT registered businesses will be required to meet these requirements, apart from a very small number who will be exempt.
Christmas Fair - Northampton
Unfortunately due to lack of numbers, the Northamptonshire Community Foundation have had to cancel the Frock Swap event on 13th October. They will however been holding a Christmas Fair on 27th November at the Royal & Derngate.
