Legislation – Finance Act 2022
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2022, Section 4.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
PART 1Income tax, corporation tax and capital gains tax
Income tax charge, rates etc
4Increase in rates of tax on dividend income
(1)
In section 8 of ITA 2007 (which provides, among other things, for the dividend ordinary rate, dividend upper rate and dividend additional rate)—
(a)
in subsection (1) (the dividend ordinary rate), for “7.5%” substitute “8.75%”
,
(b)
in subsection (2) (the dividend upper rate), for “32.5%” substitute “33.75%”
, and
(c)
in subsection (3) (the dividend additional rate), for “38.1%” substitute “39.35%”
.
(2)
In section 9(2) of ITA 2007 (the dividend trust rate), for “38.1%” substitute “39.35%”
.
(3)
The amendments made by this section have effect for the tax year 2022-23 and subsequent tax years.