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Thu 04 Apr 2009Government backdating new income levy rates to start of year
THE GOVERNMENT is backdating the new, higher income levy rates to the start of 2009, despite earlier indications that the rates would only come into force on May 1st.
Anyone who received a lump sum payment in the first four months of the year – such as a bonuses, which are traditionally paid in the first quarter or dividends – may be affected by the move.
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