Employee Ownership Trust (EOT)

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
Read More

Determining company size?

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
Read More