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The outcome of Wednesday’s Budget, the UK’s first post-Brexit, has created a few changes to tax legislation. Although changes to Entrepreneurs’ Relief were expected, there has been a sharp reduction in the life time limit to £1m. Whilst this is a disappointing outcome, it is pleasing to see the relief remains meaning that EMI option holders will still be able to benefit from this relief (subject to further conditions being met).

Read on to see the key announcements for companies operating specifically in the Creative, Media and Technology sector:

We have been busy making plans for the Covid-19 outbreak since January… and we are well prepared.

Our Tax specialists have prepared an in-depth analysis following the Budget, as delivered by Rishi Sunak on Wednesday 11 March 2020, promising that, ‘we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future’.

The Chancellor Rishi Sunak delivered his first Budget earlier this afternoon amid Covid-19 concerns, flood defence spending and Brexit planning.

Click the button below to download the latest edition of our Corporate and Private Client eNews.

Welcome to our Year End Tax Planning Briefing, in which we highlight a number of issues and actions for consideration in advance of the end of the current tax year on 5 April 2020.

The government is proposing changes to the IR35 legislation within the private sector.