Author Archives: admin
Yet another company has recently been issued a substantial monetary penalty by the Information Commissioners Office (the “ICO”) for failing to ensure sufficient security of its personal data. This comes at a time where cyber attacks are on the rise and … Continue reading
One of the key duties for UK employers under the new regime under the Pensions Act 2008 (“PA 2008”) is auto-enrolment of its jobholders. Implementation of the auto-enrolment employer duties is being phased in over a period of more than … Continue reading
Who, what, when? Honda and Flybe are some of the most recent culprits to be hit with significant fines from the ICO for breach of the Privacy and Electronic Communication Regulation (“PECR”).
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
HM Government have announced a number of changes to the EIS and VCT schemes this year including the creation of special preferential terms for “knowledge intensive companies”. This note looks at what knowledge intensive companies are and how they are … Continue reading
Dilution in the context of investment rounds often causes confusion. For SEIS/EIS investors, anti-dilution protections are prohibited; for other shareholders, anti-dilution provisions are viewed as very aggressive and problematic. This briefing is intended to clarify the position and explain why … Continue reading
SEIS is one of the most generous (and widely used) tax incentive schemes for investors in startups in the world. Every entrepreneur needs to know about it and (where possible) take advantage of it. This note explains the basics of … Continue reading
Enterprise Management Incentive (“EMI”) options are tax efficient options for employees in smaller, high risk companies. The intention behind the EMI legislation was to help companies recruit and retain the highest standard of individuals.
Come along to our next seminar: Tax, VAT and major changes for online businesses. This event will be held at Rainmaking Loft next to Tower Bridge on Monday 20 January 2014. Sign up here.
The VAT treatment for online businesses is changing from 1 January 2015. Services provided by a UK business via a website or app will be liable for VAT in the country where the service is purchased and not (as now) … Continue reading