"Small firms shouldn't rush to delist"

An accountancy firm has advised businesses not to rush into giving up their incorporated status as a result of the new dividend tax, also known as IR591.

Writing in The Scotsman, David Lochhead, tax manager in the Edinburgh office of accountants Haines Watts, claimed that while the computational aspects of the new rules would appear to be complex, much of the criticism has been exaggerated.

He advised that for those enterprises that are able to, all but the smallest should continue to consider incorporation as a viable, tax-efficient business vehicle.

Full article: The Scotsman: Small firms shouldn't rush to delist

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The dividend tax was recently the subject of a debate during the Finance Bill in the House of Commons.

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