The Government has announced that the extension of IR35 reforms within the private sector will be postponed until April 2021 as a part of measures to deal with the coronavirus. However, it is our understanding that the Government still intends to press ahead with implementing the measures. All businesses need to review their current working arrangements and […]

Nearly all US states presently operate a sales tax regime, levying an average rate of 8.5% payable by end customers. Each state implements its own sales tax rules independently of the federal tax system, meaning that businesses must consider their compliance with local laws on a state by state basis.

The recent Wayfair case has drastically increased the scope of all state sales taxes and has wide ranging implications for all businesses who make sales in to the US, whether or not the seller has any physical presence in the US. The businesses most likely affected are those that sell their products/services remotely to the US.

Article by Natasha Frangos, Partner, haysmacintyre and Shalini Khemka, Founder, E2E

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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.