“The hardest thing in the world to understand is tax" – Albert Einstein (1879 – 1955)

Our client, a successful trading company is owned by father and mother. Their children also work in the company. The nature of the company enabled us to seek and successfully obtain HMRCs agreement to restructure the ownership of the company. Historically cash had been extracted out by way of a combination of dividends (36.11% tax) and bonuses (now an uncompetitive rate of 52%). With HMRC approval these rates have been significantly reduced.