# Finance Act 2023, Section 7: Dividend nil rate

Extent: E+W+S+N.I.

(1) In section 13A(2) of the Income Tax Act 2007 (income charged at the dividend nil rate), for “£2000”, in each place, substitute “£1,000”.
(2) The amendments made by subsection (1) have effect for the tax year 2023-24.
(3) In section 13A(2) of that Act (as amended by subsection (1)), for “£1,000”, in each place, substitute “£500”.
(4) The amendments made by subsection (3) have effect for the tax year 2024-25 and subsequent tax years.

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Source: https://www.legislation.gov.uk/ukpga/2023/1/section/7 (the official version)
Page: https://openlegislation.uk/finance-act-2023/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.