The 2016/17 Tax year will be very different for many Directors given the changes in dividend tax.
VCT’s and EIS’s are the most efficient way to reduce you Tax burden if:
a) you have the cash available to invest
b) you can invest before 1st April 2017
The problem is that VCT’s and EIS’s are not always available. If you have not heard of these investments for tax saving purposes before, please do contact the office and we can explain in more detail. In essence however, you receive 30% tax relief on VCT or EIS investments, that is £30 out of every £100 invested.
Time is running out to be able to eliminate your tax liability so act now and not regret it later.