The new government will be announcing an emergency budget on June 22nd. We will update you on the implications through this page as soon as possible after that date.
Archive for the ‘Bennetts Company News’ category
May 25th, 2010 
Posted in Fit Note replaces Sick Note from 6.4.10
In the past GP’s have stated that “you should refrain from work” or “you need not refrain from work”. From 6.4.10 GP’s have another option, “may be fit for work taking account of the following advice”. They then have 4 further options; a phased return to work, flexible working, amended duties or workplace adaptations. For more information see www.dwp.gov.uk/fitnote.
In the past GP’s have stated that “you should refrain from work” or “you need not refrain from work”. From 6.4.10 GP’s have another option, “may be fit for work taking account of the following advice”. They then have 4 further options; a phased return to work, flexible working, amended duties or workplace adaptations. For more information see www.dwp.gov.uk/fitnote.
Tax planning
1. Limited Company owners with high earnings should consider taking a dividend in the 2009/10 tax year instead of the 2010/11 tax year to avoid tax rates above 40%. In 2010/11, consider pension contributions to bring you below the high rate tax thresholds.
2. When replacing your car, seriously consider a lower CO2 emission vehicle. If you are running a Limited Company, we normally advise you to keep the car outside the Company but to charge the Company for business miles. Vans however should normally be put through the Company.
1. Limited Company owners with high earnings should consider taking a dividend in the 2009/10 tax year instead of the 2010/11 tax year to avoid tax rates above 40%. In 2010/11, consider pension contributions to bring you below the high rate tax thresholds.
2. When replacing your car, seriously consider a lower CO2 emission vehicle. If you are running a Limited Company, we normally advise you to keep the car outside the Company but to charge the Company for business miles. Vans however should normally be put through the Company.
