As Christmas approaches thoughts turns to office parties. So what view does
the tax man take when an employer arranges a Christmas party for their staff?
Imagine getting a pay rise of £1,000 per annum and then finding your tax liability increasing by £1,055, that’s over 100% tax. Now imagine your pay rise is just £100 but your extra tax liability is still £1,055. That’s a tax rate of over 1000%!
At what point should a sole trader pharmacy locum consider operating via a limited company? The answer to this depends on a number of factors, which are specific to the individual.
We detailed the key points arising from the Government's announcement on 9th December 2010 regarding the future direction of pension provision in the UK.