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New public register for overseas entities owning UK Property

Overview For many years, people have been able to purchase properties in the UK anonymously by using offshore companies and trusts. Pressure has been building to make ownership more transparent for some time, however, in recent weeks, in response to Russia’s invasion of Ukraine, things have become more urgent and the Government is rushing through […]

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UK Budget – What it means for small businesses

Marginally beneficial to small companies and lower paid individuals The Spring Statement (effectively a mini budget) reduces the tax burden slightly on lower paid and smaller companies. The most relevant announcements to our clients are an increase in the tax-free allowance for National Insurance (beneficial to businesses and employees) and an increase in the Employment […]

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Tax planning for companies

The tax on companies is going up There are some big tax changes scheduled to be introduced over the next couple of years, which means that company tax bills are going up. You can mitigate some of the tax increases by thinking ahead and acting appropriately. This note provides you with some pointers and themes […]

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Electric vehicles – what are the business benefits?

Electric vehicles tax benefits Replacing your company vehicle with an electric vehicle offers several tax benefits that can reduce your costs and help protect the environment. The UK government has set a target to ban the manufacture of petrol, diesel and hybrid vehicles by the year 2030. From 2024, the Government is expected to require […]

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The importance of a shareholders agreement

What is a shareholders’ agreement A shareholders’ agreement governs the relationship between shareholders. Its different to the Articles of Association and Company Law, which covers the relationship between the company and its shareholders. Without a shareholders agreement one shareholder can not usually bring an action against another shareholder. When can a shareholders’ agreement be important? […]

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The New Green Plastic Packaging Tax

Plastic Packaging Tax From April 2022, the UK government is set to introduce a new tax on plastic packaging. If you manufacture or import plastic packaging into the UK, it needs to contain at least 30% recycled plastic. Otherwise, you’ll be subject to a tax of £200 per tonne. This tax will apply if you […]

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