I work for a company with an annual bonus scheme (linked to company profits), do I have to pay tax on this money the same as my salary and could it affect my tax band?
My main concern is that I'm at the top of the 20% band and the bonus could take me over the limit into 40% (which means I'd have to pay twice as much tax on the company car) which could mean that if the bonus is less than the extra company car tax I'd be out of pocket is this right?
Thanks.

