client information sheets

 

coporate tax

 

Our Corporate tax team regularly produces information sheets and guides to help its clients understand topical issues or recent changes in legislation.

 

Below, we provide links to the most recent updates:

 

purple bullet Budget overview 2008  
  Having made many of his big announcements in the pre-budget report in October 2007, the Chancellor's first Budget speech included very few surprises. The main changes and proposals are summarised in this information sheet. more...
purple bullet Tax reliefs for business angels  
  If you are an individual making an investment in shares, there will be many factors to consider, relating to both the commercial and financial aspects of the transaction as well as tax. The main tax considerations will normally be stamp duty on the purchase, income tax on dividends and the capital gains tax (CGT) treatment of any subsequent sale of the shares. The UK's tax system includes two special tax regimes designed to encourage investment by individuals in smaller unquoted trading companies (either directly or indirectly through a corporate vehicle) by making various tax reliefs available.  These regimes are the Venture Capital Trust (VCT) scheme and the Enterprise Investment Scheme (EIS). This information sheet gives a brief guide to how these schemes operate. more...
purple bullet Capital gains tax reforms  
  The Government will be making controversial changes to CGT in April this year. In an effort to reduce the impact of these reforms, the Chancellor has announced the introduction of a new Entrepreneur's Relief which will apply from 6 April 2008. We review the impact of this new relief, highlighting actions to be taken.   

more...
purple bullet Increase of tax on company sales  
 

The Chancellor's Pre-Budget Report on 9 October included a surprise proposal to introduce a new single CGT rate of 18% and at the same time abolish CGT Taper Relief (including Business Asset Taper Relief). These changes will apply to the sales of assets made on or after 6 April 2008. Business owners considering a sale can make significant savings by completing the sale before 6 April 2008. This information sheet summarises the changes and provides advice on how you can respond to the changes.

 more...

 

For further information please contact Simon Court in the CorporateTax team on 01865 258015 or email simon.court@bllaw.co.uk