Reduction in Dividend Allowance "scrapped"
In the last Budget in March, it was announced that the Dividend Allowance of £5,000 would be reduced to £2,000 per year per person with effect from April 2018. The Dividend Allowance allows an individual to receive an amount of dividends without paying tax, regardless of their other income. Following the surprise announcement of a General Election to be held in June, certain pieces of legislation that were included in the Finance Bill have been dropped; and this is one of the