Entrepreneurs are making moves to avoid being caught by surprise changes in
the pre-Budget report set for 9 December.
Fears overan increase in Capital Gains Tax, currently standing at 18%, to
bring it closer in line with the 50% top tax rate levied on high earners next
April has seen advisers receive a deluge of calls for advice, according to the
Businesses are considering pumping more cash into dividend payments with the
aim of buffering income against the higher tax rate for people earning more than
£150,000 a year.
Tony Burns, sole director of compensation claims company Claim Angel told the
Telegraph: “I’ve worked closely with my accountants to set up a system of
management accounts on a monthly basis to maximise the amount of dividends we
can take out of the company.
“I don’t see why we should hand it over to the taxman.”
HMRC compliance crackdown targets SMEs, resulting in £468m for year ending 31 March 2016
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit