Policy paper

Reduction of the dividend allowance

This tax information and impact note is about the reduction of the dividend allowance.

• From: HM Revenue & Customs
• Published: 21 November 2022

Documents

Income Tax: Reducing the Dividend Allowance

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Details

This measure reduces the tax-free allowance for dividend income (the ‘dividend allowance’) from £2,000 to £1,000 from 6 April 2023 and then to £500 from 6 April 2024 for individuals who receive dividend income.

Published 21 November 2022