What do we know about the Government’s tax plans to date and what can we expect in the near future?
Labour’s tax plans
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SMEs
SMEs
Planning System Reform
The Chancellor, Rachel Reeves, sets out her plans for planning system reform in her first major speech today. You can see her 7 point plan here.
EOT Deferred Consideration
Craig Simpson, Tax Partner at Bates Weston, considers the implications of using deferred consideration to pay outgoing shareholders when an Employee Ownership Trust (EOT) is created.
Capital Gains Tax hike on the way?
Should you consider accelerating your business disposal to capture the current rates of Capital Gains Tax?
HMRC clearance
Craig Simpson, Tax partner at Bates Weston explains how HMRC clearances work, and when and why you might need them.
Delving into Demergers
Richard Coombs, tax partner at Bates Weston, uncovers the problems demergers are designed to fix. He explains how problems arise and why trying to resolve them using anything other than a demerger can often lead to significant tax charges.
Taxation of Employee Ownership Trusts
HMRC are consulting on the tax treatment of Employee Ownership Trusts – an increasingly popular alternative to trade sale or Management Buy Out for business owners. Richard Coombs, Tax Partner at Bates Weston, considers HMRC’s proposals.
Changes in the way taxable business profits are calculated
If you are a sole trader or partnership and your accounting year end is not 31 March or 5 April, you are going to be affected by a change in the way taxable business profits are calculated for a tax year.
What is next for MTD ITSA?
The current situation with Making Tax Digital for Income Tax Self-Assessment – MTD ITSA, and what may happen next.
Looking to grow? Take the next step
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