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Eyes on the Horizon

We have entered the 2018/19 tax year with, for the first time in years, no new tax changes. This new, and much more relaxed, state of affairs was introduced by the Chancellor, who used his Spring Statement to review forecasts and announce consultations. With the clock ticking on Brexit negotiations, and two full Budgets delivered[…] Read more »

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Important Enterprise Management Incentive (EMI) Announcement

On 4th April 2018 HM Revenue & Customs (HMRC) issued an important but unexpected bulletin regarding the Enterprise Management Incentive (“EMI”) scheme. The bulletin advises that: EU State Aid approval for the EMI scheme will expire on 6 April 2018. The European Commission has the UK Government’s most recent application for State Aid approval in[…] Read more »

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The Chancellor’s first Spring Statement

Mr Hammond made clear some while ago that he wanted his Spring Statement to be a short financial briefing rather than a mini-Budget, complete with rabbit-out-of-hat announcements. Although his speech ran to 25 minutes, rather than the 15-20 that had been promised, the Chancellor stuck to a no-frills script. There were no new tax measures[…] Read more »

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Countdown for Disguised Remuneration Settlement Opportunity Registration (this is relevant for EBTs, EFRBS, Contractor Loan and all other employment based Schemes)

HMRC published the Disguised Remuneration settlement terms back in November 2017 and we now have HMRC’s online Settlement registration process up and running for all disguised remuneration schemes.  However, only 4 months now remain for employers or contractors to register for this opportunity  with registration closing on 31 May 2018.   The key dates are:[…] Read more »

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May deadline for new data protection rules

Major changes in rules governing how businesses manage personal data take effect this May. It is essential you are familiar with the new requirements.  The EU General Data Protection Regulation (GDPR) comes into effect on 25 May 2018 and will replace existing data protection rules. Although this is EU law, the government has said it[…] Read more »

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Seasonal freezes

With much of the country dealing with heavy snow this winter, it seems appropriate that the November Budget had a theme of freezing things. After the controversy and backtracking from his Spring Budget, the Chancellor seems to have ensured that his second effort of the year had a smoother landing. Amongst the high-profile announcements were[…] Read more »

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The Chancellor’s second Budget of 2017

Mr Hammond will probably be pleased if commentators decide that his Autumn Budget was a steady-as-she-goes, broadly modest Budget. After the national insurance u-turn he was forced to make after his March Budget this year, that was probably his aim. In any case, for a variety of economic and political reasons, the Chancellor announced a[…] Read more »

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The scary world of corporate finance

As its Halloween, we thought we’d tackle a subject that has some companies running scared; corporate finance. Corporate finance can be a little bit of a minefield. It’s vital to make the right choices and follow the correct route when either raising capital to fund growth, or buying or selling a business. Failing to do[…] Read more »

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A new leaf for autumn

While the government worked out its new and unexpected position over the summer in the aftermath of the election, many were left wondering what the implications are now across a range of business and personal tax planning. Towards the end of July the Treasury issued a guidance note outlining its intention to bring back many[…] Read more »

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A snappy start to summer

It’s been a rollercoaster year so far both politically and for tax planning, with the snap election for June and a subsequent snap Finance Act. The Treasury’s original 762-page Finance Bill – a record breaker – ended up as a slim line 148-page Act to speed its progress through Parliament prior to dissolution. So while[…] Read more »

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