Spinning-out entrepreneurs’ relief
Universities will often set up spin-out companies to commercialise the intellectual property generated by their academic research projects. Spin-out companies are particularly common in the life...
View ArticleA more straight forward rule would have been refreshing
Today’s budget included the stamping out of various techniques (known as “refreshing” arrangements) that allow companies to use certain types of brought forward losses which might otherwise not be used...
View ArticleBudget 2015 – gambling taxes
With the recent introduction of the place of consumption duties (general betting duty, remote gaming duty and pool betting duty - which are to be considered in the Gibraltar Betting and Gaming...
View ArticleEmployee Incentives: incoming changes
Although the 2015 Budget contained no new announcements that will materially impact Employee Incentives arrangements, it is worth highlighting some of the legislative changes previously announced that...
View ArticleFurther boost for creative industries
The Chancellor yesterday confirmed several measures which will provide further support for the UK’s creative industries. Although these are subject to state aid approval by the EC, they reaffirm the...
View ArticleMore pre-election banker bashing
George Osborne introduced a range of measures yesterday which overall signify bad news for the banks, but facilitate non-bank lending. Some of these were proposals announced in the Autumn Statement but...
View ArticleJuly Budget: what we’re expecting
The first all-Tory Budget of this most political of Chancellors will have to balance his stated commitment to cut government spending by £30bn over the next two years with his self-denying ordinance...
View ArticleSummer Budget 2015 – pensions changes
The government today followed up its previous round of pensions reforms by developing the framework within which savers can draw their pension benefits flexibly as well as making further changes to the...
View ArticleResidential property tax rollercoaster
Continuing the trend of making changes to the taxation of residential property in recent Budgets the Chancellor today announced three residential property tax changes: • Limiting the deduction of...
View ArticleHedge fund managers’ performance incentives: consultation launched
In addition to the changes to the capital gains tax treatment of private equity carried interest announced today, HMRC has published a Consultation Document which appears to be targeted mainly at hedge...
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