The Government are concerned that bringing external investors into a family business can dilute the founders down below a 5% stake in a company. The 5% threshold may therefore hold back the seeking of external funds and therefore hold back growth in a business.
Possible extension of Entrepreneurs’ Relief: Consultation wants to hear from Family Businesses
Published on 13th March 2018
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A few simple steps carried out by the end of the tax year on 5 April can yield great results.
5 Tips to Save You Tax before 5 April 2018
Published on 7th March 2018
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These rates were always intended to rise over time but with so many other regulatory matters to keep up to date with, it seems that this is the appropriate time for a reminder of the imminent increases.
Employment Related Pensions: Contributions increasing for all
Published on 12th December 2017
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There is a legal “Requirement to Correct” by September 2018, and anyone who does not do so will face penalties for “Failure to Correct” of between 100% and 200% of the tax at stake. In the worst cases there are additional penalties of 10% of the value of the offshore asset and naming and shaming on HMRC’s website.
HMRC’s war on offshore assets
Published on 16th November 2017
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