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Profit Related Pay
Maximum tax-free pay: |
for profit periods beginning in |
maximum |
| |
1998 |
£2,000 |
| |
1999 |
£1,000 |
| |
2000 |
nil |
Although many profit related pay schemes will continue beyond 31 December 2000, all payments under such schemes for profit periods beginning in 2000 and later years will be fully taxable.
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Coates & Partners
Chartered Accountants and
Registered Auditors
13 St John Street, Ashbourne, Derbyshire, DE6 1GP
Telephone: +44 (0) 1335
342283 Facsimile: +44 (0) 1335 300315
Email:
Enquiries@coatesandpartners.co.uk
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