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  1. Gazwag

    The 50p tax rate

    Not sure really, I can understand that big tax bills put a burden on self employed people cashflow wise but if they are limited companies, the company doesnt pay 50% and if the directors are taking so much out of the company to put them into 50% then they are not getting the right tax advise.
  2. Gazwag

    The 50p tax rate

    Is there confusion between company tax and personal tax here. A sole trader pays tax on all his profits, whatever he draws it out of the business or not. A company director pays tax on the salary he draws and dividends (at a lower rate). If a sole trader wants to re-invest in his business he...

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