The 50% rate is now less than 6 months away
The 50% rate is now less than 6 months away and the need for planning is becoming more urgent.
Some points to consider may include:
- paying bonuses and dividends before 6 April 2010
- paying, salary and bonus in advance to employees with a loan back to the employer
- making interest free loans which may be written off when tax rates reduce.
All of the above are possible but need careful consideration and the paperwork has to be right.
Nonetheless, you should look at your options while you can.
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: 22nd October, 2009
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