Are you ready for the new asset encumbrance templates?
Are you prepared to report and submit the asset encumbrance templates due to be filed on Gabriel by 12 February 2015 for the period to 31 December 2014?
A win-win levy opportunity with a very short term window
With the change in insolvency risk assessor from Dun and Bradstreet to Experian, together with a change in methodology, as formally confirmed by the PPF yesterday in their 2015/16 determination, there will inevitably be winners and losers, despite the reduction in overall levy. PPF has acknowledged this, with 10% of risk-based levies expected to increase by £50,000.
Key issues when acquiring an energy and mining company - Part 3
Acquiring a business can be a complex, resource intensive and time consuming process, yet attaining the right business can generate substantial value. We have highlighted some key issues that should be taken into account when acquiring an energy and mining company. In the final of our three part series, we consider points 11 to 15:
Contractor Loans Settlement Opportunity – Extended time limit
Individuals who used a contractor loans scheme before 2011 now have until 30 June 2015 to indicate to HMRC whether or not they wish to participate in the Contractor Loans Settlement Opportunity (CLSO). The date for finalising settlements under the CLSO is 30 September 2015.
AIFMD and MiFID Compatibility
Further to the implementation of the Alternative Investment Fund Managers Directive (AIFMD) in the UK, it has become apparent that some fund managers who have been granted authorisation as full scope UK AIFMs have encountered some difficulties in establishing the exact scope of permitted activities under the new permission profile.
Share-based remuneration for employees of UK subsidiaries
Where individuals are employed by a UK subsidiary of an overseas parent company, share-based remuneration arrangements will usually involve shares of the parent company rather than the subsidiary.
The Annual Investment Allowance
In general, capital allowances enable businesses to write off expenditure on plant and machinery for tax purposes at either 18% or 8% of the reducing balance of expenditure.
Moving to the UK? Make the most of tax breaks
Individuals moving to the UK can significantly reduce their liability to UK tax by making the most of legitimate tax planning strategies.
VAT exemption for supplies by non-profit making sports clubs
HM Treasury has announced that the Value Added Tax (Sport) Order 2014 (SI 2014/3185) will come into force from 1 January 2015. It will amend the VAT Act to reflect HMRC’s change of policy following the judgment of the Court of Justice of the European Union (CJEU) in Bridport & West Dorset Golf Club (Case C-495/12) (Bridport). This follows Revenue & Customs' Brief 25/14, which explained the implications of the CJEU’s judgment in the Bridport case, and confirming that UK legislation would be amended.
Key issues when acquiring an energy and mining company – Part 2
Acquiring a business can be a complex, resource intensive and time consuming process, yet attaining the right business can generate substantial value. We have highlighted some key issues that should be taken into account when acquiring an energy and mining company. In part two of our three part series, we consider points 6 to 10: