Announcement

3
AUGUST
2016


Category Label


Neville Announcements

Continued deduction of income tax from interest

  •  
  •   03 August 2016

The new tax rules apply to dividend payments not interest payments. Therefore tax (currently 20%) continues to be deducted from interest payments from April 2016 onwards where applicable.

Banks and Building Societies may have special arrangements to allow interest to be paid gross.

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