Tax Planning For Businesses And Their Owners (thorogood Reports) - 2nd Edition

A Thorogood Special Briefing TAX PLANNING FOR BUSINESSES AND THEIR OWNERS 2ND EDITION Peter Hughes IFC A Thorogood Special Briefing TAX PLANNING FOR BUSINESSES AND THEIR OWNERS 2ND EDITION Peter Hughes Thorogood Publishing Ltd 10-12 Rivington Street Other Titles from Thorogood Publishing London EC2A 3DU t: 020 7749 4748 f: 020 7729 6110 e: [email protected] Email – Legal Issues: 2008 w: www.thorogoodpublishing.co.uk Susan Singleton Freedom of Information Act in Practice: 2008 © Peter Hughes 2009 Susan Singleton All rights reserved. No part of this publication may be reproduced, Websites and the Law stored in a retrieval system or Susan Singleton transmitted in any form or by any means, electronic, photocopying, Commercial Contracts – Drafting Techniques & Precedents Robert Ribeiro Commercial Litigation – Damages & Other Remedies recording or otherwise, without the prior permission of the publisher. This Special Briefing is sold subject to the condition that it shall not, by way of trade or otherwise, be lent, re-sold, hired out or otherwise Robert Ribeiro Corporate Governance David Martin circulated without the publisher’s prior consent in any form of binding or cover other than in which it is published and without a Software Contract Agreements similar condition including this Robert Bond condition being imposed upon the subsequent purchaser. New TUPE Regulations Robert Mecrate Butcher International Commercial Agreements Rebecca Attree No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by the author or publisher. Technical Aspects of Business Leases Malcolm Dowden A CIP catalogue record for this Special Briefing is available from the British Library. Special discounts for bulk quantities of Thorogood books are available to corporations, institutions, associations and other organisations. For more information contact Thorogood by telephone on 020 7749 4748, by fax on 020 7729 6110, or email us: [email protected] ISBN: 978-185418402-3 Printed in Great Britain by Marston Digital Dedication To my wife Jenny and, as always, to my parents for their unstinting love and support. Blank Contents The author .................................................................................................viii Foreword .....................................................................................................ix 1 INCOME FROM COMPANIES 2 Dividends or salary?....................................................................................2 Implications of the ‘Arctic Systems’ case..................................................6 Benefits in kind....