I come across interesting things from time to time and rather than start a new thread each time - I thought one to cover Tax would be more interesting.

19% dividend tax made simpler:

The businesses affected the most are the small businesses with profits of under 10,000 who are subject to the nil starting rate for Corporation Tax and who because of the Chancellors increases in National Insurance extract their money from their businesses by means of a dividend. Such businesses with profits of 10,000 will see an increase in their Corporation Tax liability from nil to 1,900. This represents an extremely large increase for such small companies, who may now need to consult with their accountants to examine if it is still to their advantage to be incorporated.

The next category to be affected is the companies with profits in the marginal rates of between 10,000 and 50,000. Because it is a marginal rate the tax rate increases gradually from nil to 19%. Consequently the companies with profits closer to 10,000 will suffer a greater increase than those closer to 50,000.

For example the increase for a company with profits of 20,000 is 1,425 but the increase for a company with profits of 40,000 is only 475, again an indication of the affect on the smaller company.

The larger companies with profits over 50,000 will not be affected.