As a UK resident receiving dividends from a UK company, do I need to pay tax on top of the corporation tax the company already pays?
Answer by: abdullah-al-naim
2 weeks ago
As a UK resident receiving dividends from a UK company, do I need to pay tax on top of the corporation tax the company already pays?
Yes, residents pay dividend tax on distributions above the annual dividend allowance (£2,000). The rate depends on your income tax band (8.75%, 33.75%, or 39.35% in 2024).
