Profit Related Pay
Maximum tax-free pay: |
for profit periods beginning in |
maximum |
| |
1998 |
£2,000 |
| |
1999 |
£1,000 |
| |
2000 |
nil |
Although many profit related pay schemes continue beyond
31 December 2000, all payments under such schemes for profit
periods beginning in 2000 and later years have been fully
taxable.
|
