Business Update Autumn 2016

This year has been extremely significant with the surprise referendum result to leave the European Union on 23 June. The country has entered a period of uncertainty in terms of the economy so keeping up with the latest news is vital. In the autumn edition of our newsletter, we explore the most important news in the world of taxation and business and we hope you enjoy reading it.

We cover one important area in our feature this edition on changes to entrepreneurs’ relief. Entrepreneurs’ relief is important for all business owners but there have been changes that could affect directors so it’s key that you know what they are.

Our other stories include:

Tax on investments: new opportunities –

Valuable opportunities have opened up recently to save tax on investments.

Loans rates rise for close companies –

The rate of ‘temporary’ tax charged on loans to participators in close companies has been increased from 25% to 32.5%, with the increased rate applying to loans made on or after 6 April 2016.

Implications of Brexit for tax and business – The vote to leave the European Union has triggered a period of uncertainty for the UK economy. The UK’s future relationship with the EU will not be clear for some time.

As usual, there is plenty of information in the newsletter to absorb, so let us know if you’d like more information on any of these topics – we’d love to hear from you.

The link to our latest edition of Business Update can be found here.

Record increase in Inheritance Tax takings by the taxman hits Middle England

Inheritance tax receipts have soared to a whopping £4.7bn but as can be seen from the Dukes of Westminster you can have a billion pound estate and still be able to avoid the taxman’s clutches.

See how you can start planning to avoid inheritance taxes by checking out these articles:-

IHT Planning:-

Estate Planning Guide:-

Contact Paul Southward or your usual KSK contact for more information.

Paul Southward