5 December 2013 The Chancellor delivered his 2013 Autumn Statement today. We have summarised some of the tax highlights below. Businesses There was very little in the way of new corporate or business tax measures. The main points were: Partnership tax changes. As already announced the Government will introduce new legislation, effective from April 2014, targeted […]
The Government recently published statistics indicating that the Seed Enterprise Investment Scheme (“SEIS”), which offers tax reliefs to individual investors acquiring shares in early stage small companies, has resulted in over £82,000,000 of funding for some 1,100 companies to date. Indications are that around 19 companies are raising a total of £1,300,000 under the SEIS […]
HMRC have recently launched a taskforce to target hidden wealth in South Buckinghamshire, Berkshire, Dorset, Hampshire, Isle of Wight, Kent, Surrey, Sussex and Wiltshire. Attention will be focused on individuals and businesses with offshore accounts and those living lifestyles beyond their apparent means through assets from undeclared income. HMRC anticipate the exercise will fetch £2.8 […]
