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City reacts as dividend tax hike to cost investors and self-employed £600m

Company directors and self employed to be hit by tax increase

By James Booth
Boris Johnson’s increase in National Insurance contributions for employers and employees has been criticised for putting the UK’s economic recovery from the pandemic at risk
Boris Johnson’s increase in National Insurance contributions for employers and employees has been criticised for putting the UK’s economic recovery from the pandemic at risk Photo: Chris Ratcliffe/Getty Images

Boris Johnson’s raid on dividends is set to cost investors and the self-employed £600m in extra tax.

Analysis from investment platform AJ Bell suggests the bill will fall most heavily on company directors, including contractors and the self-employed, who pay themselves via company dividends in addition to salary.

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