The Knowledge Centre

Exit Planning Advice Whatever your eventual reasons for exiting your business, planning for an exit will enable you to take maximum control and derive maximum value from the transaction. ETC is able to provide the correct exit planning advice. From a tax point of view, it’s never too early to start thinking about your exit. […]

Business Reorganisation Advice There are many reasons why you might consider a reorganisation –  corporate simplification or efficiency for example; preparation for the sale of whole or part of your company or business or one of the companies within a group; or post- acquisition – for example the transfer of an asset or the whole […]

Employee Share Scheme Advice Employee share schemes can be a highly effective way of employers attracting, and retaining, key staff as well as aligning the employees and companies’ interests. Another benefit of employee share schemes is that the government actually likes them and therefore provide tax relief for companies and their employees who use them. […]

Introduction – top ten types of tax structures for 2020 The UK has a myriad of different types of tax structures. These are invariably taxed in different ways meaning it may be more tax efficient to enter into a commercial transaction or an investment through a particular entity. In addition, there are various Government reliefs and […]

UK Business Structures and Tax Implications While this is an article about the different types of UK business structures and their tax implications – a word of caution: one shouldn’t put the cart before the horse and put together any business structure which works well for tax purposes but does not meet one’s personal or commercial […]

Tax Relief for R&D: The Tax Relief Designed to Bolster the Economy “Productivity is the challenge of our time. It is what makes nations stronger and families richer. Growth comes from higher productivity” – George Osbourne 2015. If the UK was as productive as the US (per hour worked) the UK’s GDP would increase by […]

The Statutory Clearance Procedure, the highlights… I recently attended a tax conference, where one of the speakers was Martin Roberts, Team Leader for HMRC’s Clearance and Counteraction Team. As we are often asked by clients about the clearance process, we thought it would be useful to share some of the ‘highlights’ of his presentation. The […]

There are circumstances in which a demerger utilising a liquidation under s.110 Insolvency Act 1986 can be a very powerful tool when other forms of demerger are not appropriate. What is a liquidation demerger? A section 110 liquidation demerger involves the liquidation of a parent company and the transfer of its assets to two or […]

Making Tax Digital (“MTD”) In an effort to revolutionise the UK tax system, HMRC has identified its ‘four foundations’ which will result in the transformation of the tax system and enable them to remove the requirement for Tax Returns to be filed. Making Tax Digital: Where are we now? On 15 August 2016 HMRC published […]