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Sign up for our free webinar on the new CFC rules

Tuesday, September 04, 2012 | Posted by: Fiona Cullinan
Categories: Business advice | Tags: tax, UK, advice, expansion, webinar, CFC, controlled foreign company, overseas, multinationals, foreign finance company

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Changes to the UK controlled foreign company (CFC) regime could affect every multinational group. Join us for a free September webinar in which our international tax experts will walk you through the new CFC rules and explain how companies can benefit from the changes. If your group has overseas subsidiaries, or is considering expanding abroad, this webinar is a must. Read on for details and how to attend…

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Surprise rebound in business confidence signals early end to double-dip recession

Tuesday, May 08, 2012 | Posted by: Grant Thornton
Categories: Economy | Tags: business, tax, recession, investment, economy, growth, CEO, budget, Scott Barnes, recovery, Michael Izza, economic growth, BCM, Business confidence monitor

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A notable improvement in UK business confidence in the last three months suggests that the economy will come out of recession and return to growth in Q2 2012, according to the latest ICAEW/Grant Thornton UK Business Confidence Monitor (BCM) out today.

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Treasury announces further consultation into an above-the-line tax relief for R&D in large companies

Thursday, April 12, 2012 | Posted by: Grant Thornton
Categories: Tax | Tags: tax, economy, UK, budget, R&D, Budget 2012, Research & Development, ATL, Above the line, Tax Relief

The knowledge economy is seen by many as vital to the UK and its recovery from difficult economic times, but what is being done by the government to stimulate investment in this important sector? As a member of the Treasury Consultative Committee, Chris Harrison takes a look at proposed changes to the schemes that provide tax relief to companies that undertake R&D.

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Five Budget 2012 predictions affecting companies

Tuesday, March 13, 2012 | Posted by: Francesca Lagerberg
Categories: Economy, Tax | Tags: business, tax, investment, tax planning, Francesca Lagerberg, UK, budget, tax avoidance, GAAR, predictions, CFC, patent box, UK economy, competitive, budget2012, non-doms

What will Chancellor George Osborne’s 21 March Budget hold for large corporates, privately held businesses (PHBs) and entrepreneurs? “A whole raft of measures around competitive UK,” says Francesca Lagerberg, Head of Tax at Grant Thornton. Here are five Budget predictions on how companies are likely to be affected.

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Pilot through the new VAT rules on business jets

Friday, January 13, 2012 | Posted by: Grant Thornton
Categories: Tax, Thought Leadership | Tags: tax, VAT, legislation, tax relief, corporate, aircraft, airline, jets, private jet, executive jet, aviation, helicopters, flying, seminar, zero-rating, business jet

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There has been much confusion since complex VAT rules on UK corporate aviation came into effect at the beginning of 2011. If your business is involved with the leasing, charter or operation of corporate aircraft, join our free seminar and you’ll be able to see through the clouds.

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New year reads: new business reports and tax guides

Thursday, January 05, 2012 | Posted by: Fiona Cullinan
Categories: Thought Leadership | Tags: business, tax, report, growth, international, financial, guide, trends, Christmas, expansion, sustainability, publications, gifts, local government, global economy, capital markets, corporate governance, FATCA

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Happy new year! As the UK returns to work, why not catch up on the news you missed? These recently released tax, financial and business reports cover everything from FATCA to food, global trends to tax on Christmas gifts.

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Finance Bill 2012 tax updates and what they mean

Tuesday, December 06, 2011 | Posted by: Fiona Cullinan
Categories: Economy, Tax | Tags: business, tax, finance, Francesca Lagerberg, UK, budget, analysis, legislation, tax policy, Finance Bill, Finance Bill 2012, draft, Legislation Day

More than 1100 pages make up the draft legislation for the next Finance Bill, which was published today. Here are some of the highlights for UK large corporates, small businesses and individuals from our Budget team at Grant Thornton.

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Is paying VAT on benefits worth the salary sacrifice?

Wednesday, August 24, 2011 | Posted by: Graham Brearley
Categories: Business advice, Tax, Thought Leadership | Tags: tax, HMRC, income tax, VAT, NIC, salary sacrifice, National Insurance, national insurance contributions, childcare vouchers, AstraZeneca, Cycle to Work, employee benefits, VAT liability, vouchers, European Court, ECJ

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That’s the question employers will be weighing up following the recent AstraZeneca (AZ) case ruling that raises the possibility of substantial VAT liabilities on employee benefits, such as retail vouchers, meals and Cycle to Work Scheme (CWS) rentals. How will the balance of payments fall? Senior VAT Manager Graham Brearley reviews the issue and asks: ‘Is this the end for salary sacrifice arrangements?’

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R&D tax credits webcast: join the discussion

Tuesday, July 26, 2011 | Posted by: Grant Thornton
Categories: Business advice, Tax, Technology sector | Tags: innovation, business, tax, research, Francesca Lagerberg, report, technology, advice, relief, analysis, incentives, consultation, webinar, R&D, review, development, Dyson, Samantha Vanags

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Find out about the upcoming changes to Research and Development (R&D) tax credits in our FREE webcast taking place tomorrow, Wednesday 27 July at 3pm BST. Read on for details and how to register.

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Big tax changes for small businesses

Wednesday, May 11, 2011 | Posted by: Francesca Lagerberg
Categories: Business advice | Tags: tax, income tax, budget, NIC, Office for Tax Simplification, OTS, National Insurance, allowances, policy, IR35, integration, contractors, intermediaries, small business review, merging income tax and NIC, SME

Small business taxation is facing major reform with the potential merging of income tax and national insurance contributions, new approaches to taxing very small, unincorporated businesses, and a review of IR35 rules, says Francesca Lagerberg, Head of Tax at Grant Thornton.

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Compare the tax reliefs.com as the new OTS completes its review

Tuesday, April 12, 2011 | Posted by: Francesca Lagerberg
Categories: Business advice, Tax | Tags: tax, income tax, budget, NIC, legislation, tax policy, exemptions, OTS, budget2011, venture capital trusts, tax reliefs, national insurance contributions, allowances, enterprise investment schemes, Office of Tax Simplification, entrepreneurs’ relief

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In his 2011 budget speech, Chancellor George Osborne announced several changes to the UK tax regime following the advice and recommendation of the Office of Tax Simplification (OTS). This is the first view we have of the new department’s effectiveness – has it made tax simpler?

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Are you paying too much tax on imports and exports?

Wednesday, March 16, 2011 | Posted by: Gary Woods
Categories: Business advice, Tax | Tags: tax, international, VAT, Gary Woods, cross-border, reduce, EU, trade, exports, goods, supply chain, valuation, imports, Customs, tariff, duty

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With the possibility of high rates of Customs duty and the standard rate of VAT in EU countries around the 20% mark, it’s never been more important to ensure that you are importing and exporting goods in the most tax-efficient way. Here’s what you should be aware of and, perhaps, some unexpected ways to reduce your tax burden.

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Our 2011 Budget predictions for business

Tuesday, March 15, 2011 | Posted by: Francesca Lagerberg
Categories: Tax | Tags: tax, investment, economy, UK, pensions, VAT, budget, tax avoidance, relief, corporation tax, GAAR, planning, deficit, predictions, Office for Tax Simplification, enterprise, Low Value Consignment Relief, fuel duty, enterprise, investment, UK, economy

What changes lie ahead for entrepreneurs and privately held businesses (PHBs) in George Osborne’s Budget next week? Francesca Lagerberg, Grant Thornton’s Head of Tax, makes a few predictions…

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Why leaving succession planning to the last minute doesn’t pay

Tuesday, February 15, 2011 | Posted by: Fiona Cullinan
Categories: Business advice, Thought Leadership | Tags: tax, report, strategy, talent, guide, succession planning, ownership, transfer, White Paper, selling a business, exit strategy, legacy, valuation, structure, steps, goals

Figures show that 27% of UK businesses are expecting a change of ownership in the next 10 years, according to Grant Thornton 2009 International Business Report (IBR). Preparing ahead for such a major change makes financial and business sense. So why don’t companies do it?

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Succession planning: A step-by-step guide

Thursday, February 10, 2011 | Posted by: Fiona Cullinan
| Tags: tax, report, guide, succession planning, ownership, transfer, White Paper, selling a business, exit strategy, legacy, valuation, structure, steps, goals

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Last month Grant Thornton released ‘Succeeding at Succession’, a report to help privately held business owners plan an effective transfer of ownership without suffering adverse financial or tax consequences. We’ll be posting a series of articles from the report beginning with this step-by-step guide.

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Opportunities for entrepreneurs in 2010’s raft of tax changes

Wednesday, December 29, 2010 | Posted by: Fiona Cullinan
Categories: Business advice, Tax | Tags: tax, entrepreneurs, investment, capital gains tax, CGT, wealth, relief, EIS, partnership, Craig Kemsley, creation, ER, Enterprise Investment Scheme, Entrepreneurs’ Relief

A summary of recent tax changes affecting UK entrepreneurs – and the opportunities they afford for wealth creation –

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Trust me, I’m a VAT inspector

Thursday, December 16, 2010 | Posted by: Gary Woods
Categories: Business advice, Tax | Tags: tax, HMRC, property, VAT, advice, investigation, penalties, Gary Woods, guidance, trust, DIY, leaflet, legal, incorrect, public notice, claim, advisor, manual, reliable

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Doctors are trustworthy, aren’t they? But what about the VAT man? There was a time when you could approach HM Revenue & Customs (HMRC) for help and guidance, and be reasonably assured that you could rely on what you were told. But the experience of some taxpayers suggests that there is now confusion about what can and cannot be relied upon, and you may now have to insist on your own written ruling if you are to be protected.

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Entrepreneur inspiration, interviews and insight - Elevate magazine is hot off the press

Friday, December 10, 2010 | Posted by: Fiona Cullinan
Categories: Environment | Tags: innovation, business, tax, investment, technology, magazine, James Caan, FDs, sustainability, Luke Johnson, salaries, Elevate, South Africa, green, Michelle Mone

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We pride ourselves on providing a great lifestyle read for business leaders, but our twice-yearly magazine is good for business, too, with practical features on executive salaries, tax briefs, green compliance and more. Here’s a preview of what’s inside and how to download your free copy…

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R&D tax relief review – threats and opportunities for UK plc

Wednesday, December 08, 2010 | Posted by: Fiona Cullinan
Categories: Business advice, Tax, Technology sector | Tags: innovation, business, tax, research, report, technology, relief, incentives, consultation, R&D, review, development, Dyson, Sam Vanags, Samantha Vanags

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The Government recently announced that it was reviewing the ways in which it incentivises investment in research and development (R&D).  This raises a number of questions over the future of R&D tax relief. Technology partner Samantha Vanags explains the issues and responds with Grant Thornton’s recommendations on R&D tax incentives.

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Story of the deal: RDG sale to United Business Media

Thursday, November 04, 2010 | Posted by: Fiona Cullinan
Categories: Financing , Media sector | Tags: business, tax, risk, debt, corporate finance, value, Story of the Deal, disposal, selling a business, case study, negotiation, Ali Sharifi, RDG, grooming, warranties, United Business Media

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Selling a business is usually a one-time-only deal, so owners are often unaware of what to expect, the potential pitfalls or how to get the most out of the sale. In our new series telling ‘The Story of the Deal’, we go behind the scenes of our work to explain what’s involved. Our first case study is RDG’s £9.3 million sale to United Business Media in August 2010…

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