Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
11 March 2020
UK Budget 2020 - Entrepreneurs’ ReliefToday the Chancellor dealt a blow to Entrepreneurs’ Relief (ER). This relief has been under the spotlight for some time from various bodies and individuals calling for its abolition, including the ex-Head of HMRC.
11 March 2020
UK Budget 2020 - Entrepreneurial TaxesHaving woken up with a great concern around the future of popular tax reliefs beginning with the letter E – Entrepreneurs’ Relief (ER), Enterprise Management Incentives (EMI) and the Enterprise Investment Scheme (EIS), the Budget delivered change to ER with the reduction in the lifetime limit from £10m to £1m (as well as some targeted anti-avoidance), but looks to have left EMI and EIS broadly untouched.
11 March 2020
UK Budget 2020 – what it means for employersI think anti-climax is how I would best describe today’s Budget from an employer’s point of view. Although we were not expecting any major headlines on IR35 following the recent conclusion of the Government’s “review”, the fact that it did not feature in the Chancellor’s speech at all, and the only mention of the imminent IR35 changes was a brief paragraph buried away on page 88 of the Budget publication confirming it is full steam ahead, was a surprise.
09 March 2020
UK Budget predictions 2020 - Property TaxesThere will be a fundamental change to the payment of capital gains tax (CGT) for those selling or gifting second homes or rental properties situated in the UK after 5 April 2020.
09 March 2020
UK Budget predictions 2020 - Employment TaxesDespite the controversy and confusion and pre-election promises of a review it looks certain that IR35 will be implemented as planned on April 6. The recent consultation has closed, and the government are pressing ahead. However, there still remains a strong call for Rishi Sunak to halt the process, with demonstrations taking place outside Westminster and commentators lambasting the plans but this seems certain to be ignored.
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