Author Archives: admin
Phillip Hammond, the Chancellor of the Exchequer, has just delivered the Autumn Statement. The statement is by and large good news for the startup sector and excellent news for the Northern Powerhouse.
The Prime Minister has declared that “Brexit means Brexit” and has promised that Article 50 Treaty on European Union will be triggered by the end of March 2017. This should mean that the UK will cease to be a member … Continue reading
The oft-mentioned “Northern Powerhouse” was a key plank of George Osborne’s economic plans for the North. However, there are signs that the current administration may be less keen on the concept and that it may be diluted or dropped entirely. … Continue reading
The U.K. has voted to leave the European Union (so called “Brexit”). This is likely to have a significant effect on the economy, policy and politics. This note addresses the impact on startups in the near term.
In the Budget 2016, the Chancellor of the Exchequer announced changes to taxes relevant to startups and investors in them. This note summarises the key changes announced to capital gains tax (entrepreneurs relief), corporation tax and employee shareholder status.
From April 2016 all UK companies will be required by law to maintain a register of persons with significant control over the company. This is called the “PSC Register”. From June 2016 an additional return will have to be made … Continue reading
The current economic climate in the UK has been referred to as a “Golden Age” for startups. It is anticipated that more than 600,000 new businesses will be launched in 2015. Getting the right company structure is of huge importance … Continue reading
In the Queens Speech 2015, HM Government announced changes to the availability of EIS relief to investors who already hold shares in the capital of the investee company. These changes are of relevance both to investors who have already invested … Continue reading