Following representations, the government has proposed amendments to the draft tax legislation concerning distributions made by a company to an Employee Ownership Trust (EOT) to finance the acquisition of the company. Background Tax reliefs are available when an EOT acquires shares in
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As part of a drive to cut complexity and burden from legislative reporting requirements, the monetary thresholds that determine company size are being raised by 50% in the UK. UK Prime Minister Rishi Sunak has announced that company size monetary thresholds will
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