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.
Bates Weston expands Tax Team after successful year. Bates Weston Tax Advisory continue to focus on client service and providing clear and practical advice to wealthy families and business owners.
You can read our full report summarising the Spring Budget 2023 here.
As the self-assessment tax filing deadline has passed, it’s now time to check your plans are tax efficient for the tax year ending 5 April 2023.
What do the changing tax rates and allowances announced in the November 2022 Budget mean for profit extraction from your company?