Speed Read: The prospective increase in marginal income tax and NIC rates to 51% from 6 April 2010 and 52% from 6 April 2011 has focused the attention of high-earning executives and remuneration committees on tax-effective reward. Furthermore certain employers in the financial services sector already have to cope with the impact of the bank payroll tax. There are no quick fixes or easy solutions for employers and employees looking to mitigate higher personal taxes. However several areas worth exploring concern income acceleration and income deferral the use of EFBRS and EBTs and delivering capital gains.
There has been much discussion about this in the media. In fact this is so high-profile that the Association of British Insurers (ABI) has reportedly written to the chairmen of the...
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Speed Read: The prospective increase in marginal income tax and NIC rates to 51% from 6 April 2010 and 52% from 6 April 2011 has focused the attention of high-earning executives and remuneration committees on tax-effective reward. Furthermore certain employers in the financial services sector already have to cope with the impact of the bank payroll tax. There are no quick fixes or easy solutions for employers and employees looking to mitigate higher personal taxes. However several areas worth exploring concern income acceleration and income deferral the use of EFBRS and EBTs and delivering capital gains.
There has been much discussion about this in the media. In fact this is so high-profile that the Association of British Insurers (ABI) has reportedly written to the chairmen of the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
