Dividends

The government has confirmed that, from April 2023, the rates of taxation on dividend income will remain as follows:

• the dividend ordinary rate – 8.75%
• the dividend upper rate – 33.75%
• the dividend additional rate – 39.35%

The government will reduce the Dividend Allowance from £2,000 to £1,000 from April 2023 and to £500 from April 2024.