There are times in life when the triviality of modern life seems unimportant. The unprovoked invasion, the killing of civilians and children and the humanitarian disaster unfolding is one of those times.
FTA: What’s your tip when it comes to mitigating the tax impact for your clients?
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AV: For business owners, using the 30 per cent income tax relief on enterprise investment relief investments to plan. By moving more income to dividends rather than salary, you move away from a taxed at source system, and one where tax is due in the future.
If you combine EIS carry back relief, this is an incredibly successful way of ‘getting ahead’ of future tax liabilities, and you can start to reduce payments on account.
carmen.reichman@ft.com
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