Ten years ago, a small business owner taking a ยฃ100k dividend could pay as little as ยฃ2,500 in personal tax if structured efficiently under the old dividend tax system.
Today in 2025, theyโre paying ยฃ21,250.
Next year, under Labourโs new budget, theyโll pay over ยฃ23,000.
And thatโs after the company has already paid 25% corporation tax on the profits used to fund that dividend.
In a decade, weโve gone from a manageable tax bill to one where the state takes nearly a quarter of the dividend on top of corporation tax before the owner sees a penny.
Thatโs a nearly 800% increase in personal tax on the same ยฃ100k.
All for the crime of running a business in Britain.
- This is why entrepreneurship is dying here.
- This is why people arenโt scaling.
- This is why founders are taking their companies and jobs abroad.
If you want growth, stop treating business owners like a bottomless ATM.
Britain needs entrepreneurs, not policies that punish them for succeeding.
With the help of an extraordinary team, we will be sharing our โVision of Beautyโ with the first official store opening in the heart of Riyadh, Saudi Arabia this Summer. ๐ธ๐ฆ @BelvoirCo