The UK's additional rate of tax, which applies to individuals's taxable income above £150,000 ($237,000), will be reduced from 50% to 45% from April 6 2013. As no anti-forestalling measures have yet been announced, some employers are considering deferring bonuses that may otherwise be paid this tax year until on or after April 6 2013. There are several tax issues, and wider reputational issues, to be considered.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort