Entrepreneurs who face paying a higher rate of tax this April are being urged to seek advice on how to minimise their exposure to the increase.


Entrepreneurs who face paying a higher rate of tax this April are being urged to seek advice on how to minimise their exposure to the increase.

Alistair Hunt, adviser at accountancy firm RSM Tenon, says: ‘There are a number of people who have not yet made the necessary financial restructuring and time is running out for them to take advantage of being able to do something.’

The top rate of income tax of 50 per cent will be payable on income over £150,000.

According to a survey from private bank Investec, one in ten entrepreneurs are considering quitting the UK due to unfavourable tax and regulations for businesses.