Blogger
Share this content
0
0
844

Employee: repayment of bonus

My client has been a successful director over the years of some medium-sized retailing companies. He has now been offered a position with a company, whereby 50% of the package would be salary, and the balance would be a large bonus every year, which would be repayable in certain circumstances. Am I right in saying that there will be no tax relief if and when part or all of a bonus has to be repaid? Is there a way in which a bonus can be paid conditionally, but with no PAYE until the bonus ceases to be repayable?

Replies

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.