There are a number of share schemes available to companies, each with its own set of rules, tax treatments and reporting requirements. Below is an overview of the main schemes and their key features. APPROVED PROFIT SHARING SCHEMES (APSS’s) An APSS must be set up under a trust deed and … [Read more...]
High Earner Restrictions
April 14, 2010 By
When this restriction was introduced in the Finance Acts 2006 and 2007 it was seen as a means of ensuring that “high earners” paid some tax on their income irrespective of the amount of tax reliefs available to them. Briefly the reliefs restricted included, the various property reliefs, BES … [Read more...]
Pensions and Saving Tax
March 30, 2010 By
Pensions have been used for some time now as a means of saving tax. While most of us are familiar with the traditional relief for individuals and companies on pension payments made throughout a tax year there are several other ways in which pensions can be used to save tax including the … [Read more...]
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