As mentioned in my earlier post it is expected that  large bonuses paid to bankers will be hit by today’s Pre-Budget Report.

The Times today are reporting that the race is on to amend bankers contracts and definitions in one way or another to escape whatever the Chancellor has in store.

We should know later today!

We will be blogging on SME Plus Blog and Tax Plus Blog on Pre-Budget Report day. If you do not already subscribe to our blogs click here  for SME Plus Blog or here  for Tax Plus Blog to ensure you get our comment and analysis as and when it happens.

Barry Hallam is a senior manager at Mercer & Hole. If you would like to discuss the contents of this post with Barry you can call him on 020 7353 1597. 

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The online version of The Daily Mail is predicting that many more people will be paying tax at the higher rate of 40% following the Pre-Budget Report. This will be achieved says the paper by freezing the level of personal tax allowances and not increasing the threshold at which the 40% rate starts.

We will be blogging on SME Plus Blog and Tax Plus Blog on Pre-Budget Report day. If you do not already subscribe to our blogs click here  for SME Plus Blog or here  for Tax Plus Blog to ensure you get our comment and analysis as and when it happens.

Barry Hallam is a senior manager at Mercer & Hole. If you would like to discuss the contents of this post with Barry you can call him on 020 7353 1597. 

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Proposed changes to the tax rules for Non-Doms had meant that UK residents who took advantage of the remittance basis would lose personal allowances and annual capital gains tax exemptions where their unremitted foreign income and capital gains exceeded £1,000 a year.

Today’s Budget has relaxed this rule slightly and the limit has been increased to £2,000 a year.

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