The significant changes to the taxation of cash extraction from companies from 6 April 2016 could leave company shareholders with a large tax bill. The rate of income tax on dividend income across all of the income tax bands will increase by 7.5% so companies need to consider paying out dividends before this increase.
The Cornish Guardian share Alison Elvey’s article on the urge for the fishing sector to apply for Grant Funding
As we are on the verge of bidding farewell to the 2015/16 tax year it is worth taking stock and considering your 2015/16 tax position, before checking whether to implement any year-end planning. I touch on some specific points for serious consideration in this blog.
The taxation of cash extraction from companies in some of its typical forms is changing significantly as of 6 April 2016. With only two months to go it is prudent to seriously consider the impact of these changes and whether you would like to take action in the short period of time before the end of the tax year.
The Marine Management Organisation is looking for projects to apply to its European Maritime and Fisheries Fund (EMFF). The fund provides support for sustainable development within the fishing and aquaculture sectors and conservation of the marine environment, alongside growth and jobs in coastal communities.