Bonus deferral: pitfalls for the unwary
The additional rate of tax, which applies to taxable income above £150,000, has stood at 50% since it was introduced in April 2010. However, it has been announced that the additional rate will be reduced to 45% with effect from 6 April 2013. As yet, the Government has not announced or indicated that any anti-forestalling measures will be introduced.
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