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3 weeks ago | 
mondaq.com | David Gauke |Clare Wilson |Rhiannon Kinghall Were
M Macfarlanes LLP More We are a distinctive law firm, combining expertise, agility, and a client-centric culture to address the most challenging legal demands and foster innovation. Our firm is structured around the needs of our clients, with whom we build long-lasting relationships, tackling complex issues in key practice areas. Our approach is focused and deliberate.
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Aug 26, 2024 | 
lexology.com | Damien Crossley |James McCredie |Sophie Donnithorne-Tait |Alicia Thomas |Joe Robinson |Mark Baldwin | +2 more
Reforming carried interestmacfarlanes.com 2 IntroductionPrivate capital is of significant and growing importance to the UK, both as a source of vital investment for UK projects but also as an industry that is itself a key component of the UK's financial services sector. Currently, London is second only to New York as the world's leading private capital hub.
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Jan 25, 2024 | 
mondaq.com | Rhiannon Kinghall Were |Bezhan Salehy
Following a consultation over the summer of 2023 the
Government has considered the responses it received to its
proposals to reform transfer pricing, permanent establishment rules
and the Diverted Profits Tax (DPT). Broadly, the proposals seek to
align the UK rules with international standards and double tax
treaties as well as bring clarity and certainty.
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Dec 11, 2023 | 
lexology.com | Ashley Greenbank |Rhiannon Kinghall Were
It has been reported by The FT that the Labour Party has no plans to change Business Property Relief (BPR) if it wins the next general election. This will be welcome news for family-controlled businesses following the very recent but contradictory briefing in The Times that suggested the relief would be abolished to pay for new spending commitments.
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Dec 7, 2023 | 
mondaq.com | Ashley Greenbank |Rhiannon Kinghall Were
It has been reported by The FT that the Labour Party has
no plans to change Business Property Relief (BPR) if it wins the
next general election.
This will be welcome news for family-controlled businesses
following the very recent but contradictory briefing in The
Times1 that suggested the relief would be abolished to
pay for new spending commitments.
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Dec 5, 2023 | 
macfarlanes.com | Ashley Greenbank |Rhiannon Kinghall Were
This will be welcome news for family-controlled businesses following the very recent but contradictory briefing in The Times1 that suggested the relief would be abolished to pay for new spending commitments. Under the current rules, BPR generally allows owners of family companies and other private businesses to pass on their shares to the next generation without an IHT charge. This helps to prevent the break-up of businesses on the death of a founder. Why has BPR been in the spotlight recently?
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Nov 28, 2023 | 
mondaq.com | David Gauke |Rhiannon Kinghall Were
Together they review:
the state of the public finances and what that means for policy
decisions going forward;
full expensing being made permanent;
updates to the Pillar 2 rules to introduce a minimum tax;
NICs cuts; and
some light-hearted speculation on when we might see a general
election!
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Oct 31, 2023 | 
mondaq.com | James McCredie |Rhiannon Kinghall Were
ATAD 3, also known as the Unshell directive, is an EU measure
that will impose minimum substance requirements for holding
companies.
This had stalled, and while there has been renewed optimism (or
despair, depending on your perspective) now that Spain have taken
over the EU Council Presidency and have expressed a commitment to
pull it back out of the long grass, there are reports the directive
is unravelling.
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Oct 27, 2023 | 
lexology.com | James McCredie |Rhiannon Kinghall Were
ATAD 3, also known as the Unshell directive, is an EU measure that will impose minimum substance requirements for holding companies. This had stalled, and while there has been renewed optimism (or despair, depending on your perspective) now that Spain have taken over the EU Council Presidency and have expressed a commitment to pull it back out of the long grass, there are reports the directive is unravelling.
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Oct 3, 2023 | 
mondaq.com | Rhiannon Kinghall Were |Jack Slater
The Retained EU Law (Revocation and Reform) Act 2023
(the Act) completed its journey when it received Royal Assent on 29
June 2023.
As noted in our broader article on the Act, it has not been
without controversy, and although its final form is a shadow of its
former self, it nevertheless makes some important changes that may
have some unintended consequences in the field of tax.
