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.
Background In a recent survey of some of the UK’s wealthier private investors, 41% stated that they would be prepared to invest in Small and Medium Enterprises (SMEs). Two thirds of such investors also feel confident that UK SMEs can deliver attractive levels of growth. However, frustratingly, they do not know the best way to
We had a meeting yesterday in London with a Russian domiciled individual. This had been organised by a chap, who worked for a large business, looking to raise capital. The chap had asked me to attend to advise his client on some of the potential structuring issues and opportunities that might flow from a potential investment of overseas
Introduction In the past, as exemplified in the recent Summer Budget, changes to the remittance rules have generally limited the scope for a non-UK domiciliary to bring foreign income or gains to the UK without incurring UK tax. Against this tide, was the introduction (in 2012) of BIR for remittance basis users. It was, and