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PPI Claim News - 15/12/2009

 
Loan Refunds: Darling considers bonus tax extension

Chancellor Alistair Darling is considering extending the time period of the bonus tax outlined in the Pre-Budget Report last week, the First Post reports.

The possible extension is aimed at ensuring that bankers are not able to dodge the levy by postponing their bonus receipt until after April 2010.

It has been rumoured that some banking firms, such as Rothschild, were considering paying out bonuses in June 2010 to avoid the 50 per cent tax.

However, if the applicability of the tax is pushed beyond April 2010 it will mean that it impacts on a new tax year, which could create legal problems for the government in applying the tax.

Some banks and financial services firms have offered their staff advise on relocating to financial centres abroad so they can avoid the bonus tax, while others have converted bonus payments into salary increases.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges form.ADNFCR-2776-ID-19513987-ADNFCR



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