Budget 2016 – Profit Extraction

For business owners considering how best to extract profits from their companies, the 2016 budget adds further challenges to those created by the changes announced last year. From 6 April 2016, these measures already threaten many business owners with an apparent rock and a hard place scenario, leaving them to choose between higher dividend taxes or capital payments at risk of being treated as dividends on liquidation.
For business owners considering how best to extract profits from their companies, the 2016 budget adds further challenges to those created by the changes announced last year.