FOCUS OF THE DAY: Company directors who save on tax by accepting a modest salary and remuneration by dividend could be in for a nasty shock if they ever come to claim compensation. A company director had his compensation capped to £9,254 annual earnings with dividend income entirely excluded from consideration, in a landmark decision at Manchester Employment Tribunal. If the income from the dividend had been included, he would have been awarded £74,000 in compensation. Full story - New Law Journal
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