Headline tax rates are never what they seem

If you’re a Sunday Times reader, you could not fail to notice the article in January about footballers and their tax affairs. This highlighted how many footballers have been avoiding the 50% tax rate by using image rights companies into which the majority of their earnings are paid and then using their director’s loan account to withdraw income. Apparently, it is possible to pay a rate of just 2% by following this strategy. We wish it were that straightforward!

Tax free perks could be a summer bonus for staff

Many tax breaks are swiftly disappearing, as the Government’s reforms begin to take shape. What perks can you offer staff that are tax efficient? They can also be beneficial for your business…..