Companies

Jan 14: Banks say bonus tax confusing

Confusion among UK banks over how to account for the planned 50 per cent tax on bonuses is leading to uncertainty about how the sector will report full-year results, accountants and bankers warned. Rachel Sanderson, senior UK companies reporter, talks to Daniel Garrahan about why the timing of the government's announcement has caused so much confusion and whether the lack of clarity will lead to an unfair playing field.