I have a client Limited Company who have received compensation from one of the big four banks for a fraud case where the bank admitted their systems were a fault. This in turn has generated higher profits that normal resulting in a much higher corporation tax liaiblity. I have been asked to put through a salary bonus for one of the employees who is also a shareholder in the Company. That employee is non-resident and has an NT PAYE code. The question I have been asked is how high can the bonus be. I wondered what you would do in this situation.
22nd Jun 2020
The morality of an additional salary
A non-resident employee and shareholder with a NT code wants a salary bonus to contra compensation
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