UK & Offshore Tax Planning Blog
In terms of corporation tax relief for the company all employer contributions to registered pension schemes can in principle attract tax relief without limit (ie they're not restricted by the employees annual allowance). However just as for any other…
The big changes to the personal allowance come from April 2010. There will be two new limits designed to restrict the amount of the personal allowance available. The PBR notes state that: '…If an individual's gross income is above the income limit of…
One of the big changes in the PBR was the new 45% tax rate to be implemented from April 2011. This applies to income though and not capital. Company shareholders are in the enviable position of being able to accumulate cash within a company and then…