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Originally Posted by gary_580
as a contractor you set up a ltd company and then pay yourself a small salary and dividends. Used to get the forst £10000 of dividends free of corporation tax but i beleive that changed in the budget and now you pay 19% tax on dividends (i think)
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Yes, the finance bill that was released today means that what was an "incentive" to get people to set up limited companies is now a "loophole" which the Chancellor has closed.
Ba$$$$d!
