How might UK taxes be raised in the forth coming budget on 24th March 2010 and what can you do to stop their effect or shall we say prepare or plan for them. Also tax rates rise to 50% on 6th April 2010 as a result of the previous budget. Many leading firms such as Tesco, Sainsbury’s and Marks & Spencer are bringing forward the payment of their bonuses, in diect reply to the Labour Government’s introduction of a new 50 per cent tax rate. In the case of Tesco this will apply to some 1,700 employees and this includes those who earn a personal income above and below £150,000. The reason for this is simply that on 6th April 2010 the personal tax rate for those with income higher than £150,000 increases from 40 per cent to 50 per cent. Dealing with the forthcoming budget one leading accountant thinks that…

March 21st, 2010
Money maker
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