Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Alternative avenues

22 May 2012 / Tony Jenkins
Issue: 4354 / Categories: Comment & Analysis , Companies
TONY JENKINS considers the tax-efficient extraction of corporate profits for entrepreneurs


  • Possibilities presented by advance notice of tax changes.
  • Comparing liabilities on remuneration and dividends.
  • Do not overlook the formalities of dividend payments.
  • Bringing forward expenditure can be effective.
  • Could income be paid to a taxpayer with a lower liability?

Each year it is important to ensure that individuals withdraw money from their companies in the most efficient manner and a key factor in determining that efficiency is the rate at which tax is being suffered.

In many circumstances either by way of rumours or forward announcements we are aware of an impending increase in the tax rate or rates.

This year is somewhat unusual: because of the new methods of making legislation ranging from ad hoc announcements to the December publication of the draft legislation...

Only subscribers may read the full article

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
back to top icon