Content
Leading article...
We can't go on like this...
General tax...
The name is Bond
Blessed are the givers
Excuses, excuses
PAYE the penalty
Silver and gold
Moving goalposts
Doctor, doctor...
Something phishy
Pension problems
Tax dot com
Unpleasant discoveries
Fair's fair (at last)
Chartered taxpayers
This year, next year
VAT...
Focus your mind
Flat rates aren't flat
Reverse the charges
Flapjack flash
Ready set ECSL
A lofty idea
Law items...
I want my lawyer
Not on my holiday
A grey area
No difference
| Everyone should be aware that the income tax rates are going up from 6 April 2010 for people earning over £100,000 - they will lose their personal allowances - and for people earning over £150,000 - they will have a new 50% top rate. If you are affected, there are plenty of things you can do in advance of the end of the tax year to reduce the impact - for example, bringing forward various kinds of income from next year into this (pay at 40% now rather than 50% later) or putting off claiming reliefs such as Gift Aid (claim at 50% later rather than 40% now). Investing for capital gains - still taxed at 18% regardless of your level of income or the size of the gain - also looks a good bet. Don't leave it to the last minute - plan early and beat the hike! We will be happy to go over the alternatives that may be relevant to you. |
© Bayar Hughes & Co., 2010.