Consultation on partnership taxation – terms of reference published
As promised in the 2013 budget, a document has been published by HM Treasury setting out the terms of reference for a review of the taxation of partnerships. You can see the document here. Broadly,...
View ArticleVideo games tax credit – delay and disappointment
Bad news for the video games tax credit. The proposed video games tax credit will be the subject of an in depth investigation by the EU Commission. You can see the EU press release here. This is not...
View ArticleHigh-end TV and animation tests – Draft cultural tests published
Pending Royal Assent for the Finance Bill 2013 (expect it in July 2013), the existence of the high-end TV and animation tax credits is somewhat quantum. The reliefs are there (they are available from...
View ArticleVideo games tax credit – EU Commission report
The EU Commission report into the UK’s proposed video games relief has been published and can be accessed here. It’s not particularly happy reading, and in summary the EU Commission “doubts” that: (a)...
View ArticleImmediate action taken to clarify law on capital allowances
Tax avoidance, and perceived even if not actual tax avoidance, is fast rising up the political agenda. The energy sector is not shielded from the Government’s glare in this area. On 29 May the...
View ArticleTax boost for employee trust ownership
“Following the findings of the Nuttall Review and in order to support this sector, the Government has decided to introduce two tax reliefs to encourage, promote and support indirect employee ownership”...
View ArticleDeath, taxes and everything – employee ownership in 2014
The employee ownership sector should look again at possible changes in non-tax regulations that will help EO and let the Government know of any ideas by 19 February 2014 Employee ownership (“EO”) is...
View ArticleEmployee ownership trusts – HMRC explanation of report stage amendments
The Government tabled a series of amendments to Schedule 33 to the Finance Bill 2014 (Companies owned by employee-ownership trusts (“EOTs“)) on 25 June 2014. HM Revenue & Customs has explained in...
View ArticleRecent articles on employee ownership – professional journals are raising...
In 2014 UK professional journals published more articles on employee ownership (“EO”) than in any previous year. This is tremendous step forward in raising awareness of EO. A key idea in the Nuttall...
View ArticleNuttall Review of Employee Ownership – a guide to source materials including...
This article was originally published on 9 February 2014 and contains links to the main documents related to the Nuttall Review of Employee Ownership. It has been updated to include links to statutory...
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