50% tax comes in on 6 April 2010
50% tax comes in on 6 April 2010, so you may wish to consider maximising the amount of profit taxable before then.
For unincorporated business with a year end date in the first half of 2009/10, could you consider the possibility of having a short accounting period to, say, 31 March 2010 in order to maximise the amount of profit which falls into 2009/10 rather than 2010/11?
Cathy Corns is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this blog with Cathy you can call her on 01908 605552.
Date: 20th October, 2009
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