Skip to main content

Budget 2024 | The Government has confirmed changes and provided more information on FamilyBoost. Find out more: FamilyBoost

Budget 2024 | The Government has confirmed changes to personal income tax, the independent earner tax credit, in-work tax credit, and the minimum family tax credit. Find out more: Personal income tax threshold changes

Ahead of the introduction of the personal 39% tax rate, we re-issued our revenue alert on diverting personal services income.

RA 21/01: Diverting personal services income by structuring revenue earning activities through a related entity such as a trading trust or a company (Tax Technical website)

This revenue alert outlines the law in relation to personal services income, and when it can be counted as trust or company income for tax, rather than individual income. 

We have begun contacting customers who appear to be diverting their income and benefiting from the different tax rate. If you think your clients might be affected, contact us at this email address.

[email protected]

Last updated: 06 Dec 2023
Jump back to the top of the page