Background As you will know, at EIC we do like the Enterprise Investment Scheme (“EIS”). It is a really attractive Government sponsored tax relief for growing businesses. However, that does not mean it is not without its complexities. Indeed, EIS can be very complex and advice should always be taken before putting such a structure
Background The 2016 Budget again proved to be perfect opportunity for our fine Chancellor to tinker with Entrepreneurs’ Relief (ER) – one of the most attractive reliefs provided to entrepreneurs. However, in contrast with some of the previous tinkering to the regime, these changes were generally of a positive nature and should generally increase the availability of the relief.
Over the last few years, the tide has been firmly against non-doms. The 2015 Summer Budget was no exception. One relief introduced under the previous Coalition Government stood firmly against that tide – and that relief is BIR. In a nutshell, the BIR rules allow taxpayers on the remittance basis to bring their offshore income and