Gary's income for the tax year 2022/23 comprises a salary of 140,000 and dividends of 20,000....

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Gary's income for the tax year 2022/23 comprises a salary of 140,000 and dividends of 20,000. He is not entitled to a personal allowance. How will his dividends be taxed? Gary's income for the tax year 2022/23 comprises a salary of 140,000 and dividends of 20,000. He is not entitled to a personal allowance. How will his dividends be taxed?

Answer rating: 100% (QA)

In the UK tax year 202223 dividends are subject to a Dividend Tax system separate from income tax He... View the full answer