haysmacintyre awarded ‘Best Tax Advisory Firm’ by the Hedgeweek and Private Equity Wire European Credit Awards 2022
We are delighted to announce haysmacintyre has been awarded ‘Best Tax Advisory Firm’ by the Hedgeweek and Private Equity Wire European Credit Awards, 2022. The inaugural awards recognise excellence among private equity fund managers and service providers in Europe across a wide range of categories. haysmacintyre’s tax team provides a considerable breadth of expertise on […]
U-Turn on abolition of additional rate of tax (45%)
The Chancellor has announced that the planned abolition of the 45% Income Tax rate will not go ahead. In a significant U-turn following the recent “mini-budget”, the rate was due to be abolished from April 2023. The additional rate for dividends will revert to 38.1%. Other tax changes, including the reversal of the 1.25% National […]
haysmacintyre: Is your structure fit for purpose? Property investment or trading
The question of whether a property is held as an investment or as a trading asset is essential to the property owner as it will affect their tax treatment and any tax liability arising.
HMRC latest ‘nudge’ letter campaign: offshore corporates owning UK property
HMRC will be launching a campaign this September to tackle non-compliance linked to offshore corporates owning UK property. Based on specific data, HMRC have identified non-resident corporate owners of UK property who have potentially not met all of their UK tax obligations. The data will be used to issue one of two nudge letters which will be accompanied by a Certificate of Tax Position.
Fiscal Statement: The Growth Plan – changes to the Company Share Option Plan limit
The Chancellor announced as part of the Growth Plan that the Company Share Option Plan (CSOP) limit will be increased from £30k to £60k from April 2023. There will also be a reform on the rules around share classes eligible for CSOP from April 2023. CSOP is a tax-advantaged employee share option plan. In many […]
Fiscal Statement – The Growth Plan: Cancellation of Corporation Tax increase
The Chancellor has today confirmed the widely predicted cancellation of the increase in the main rate of Corporation Tax that was due to take effect from 1 April 2023. A previous Chancellor had announced that the rate was to be increased from 19% to 25%, a change which was included in the Finance Act 2021. […]