Profit Extraction
What do the changing tax rates and allowances announced in the November 2022 Budget mean for profit extraction from your company?
Employee Ownership Trusts
Craig Simpson, Tax Partner at Bates Weston looks at the growing trend towards employee Ownership and the Employee Ownership Trust in particular.
Jeremy Hunt’s Statement 17 Oct 2022
In Jeremy Hunt’s statement yesterday, he told us which Mini-Budget measures are staying and which are not going ahead. The summary is simple. Everything goes except abolishing the Health & Social Care Levy, changes to Stamp Duty and the increased Annual Investment Allowance.
Update to Mini Budget October 2022
In an update to the mini budget, the Chancellor has cancelled his plans to abolish the higher 45% rate of Income Tax. We have update our Mini Budget Summary Report to reflect this.
Mini Budget 23 September 2022
The Chancellor has announced the Government’s growth plan and the tax measures that are included within it, in his mini budget. Here are the headlines.
Business Relief and Inheritance Tax Planning
An overview of Business Relief, formerly known as Business Property Relief and its importance in Inheritance Tax Planning.