Factsheets

The deferred element of the consideration may be quantified at a later date, typically using a formula based on two to three years’ post-acquisition revenue or profits. These arrangements are…

Currently, there are two R&D tax relief schemes in the U.K.; one for small and medium-sized enterprises (enterprises having a headcount of fewer than 500 employees and with either a…

BADR is a capital gains tax (CGT) relief intended to incentivise individuals to grow and invest in their businesses by reducing the rate of CGT to 10% on material disposals…

This seal of approval can be obtained by submitting a clearance application to HMRC in advance to confirm the tax treatment of a transaction or event, where possible. Obtaining clearance…

The new arrangements will come into force in relation to VAT periods starting on or after 1 January 2023. Key points A new penalty system for late payments of VAT…

Rates of SDLT for purchases of non-residential property Purchase consideration SDLT rate Up to £150,000 0% £150,001 – £250,000 2% Above £250,000 5% Rates of SDLT for purchases of residential…

When will a CSOP be appropriate? A CSOP is a discretionary plan, which means that companies can select particular directors or employees to benefit, rather than an all-employee plan such…

As the tax rate on dividends increased from 32.5% to 33.75% on 6 April 2022, the amount of the s455 tax charge on an overdrawn DLA will also increase to…

The old well-known proverb: “you get what you pay for” could be no truer for these recent transactions. As advisors, we are constantly telling our existing or new potential clients…