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Autumn Budget 2025: What It Means for Your Business, Your Finances, and Your Future

The Autumn Budget 2025 brings a range of changes to tax, National Insurance, business investment, and estate planning, all of which could influence the decisions you make in the months and years ahead. Whether you’re growing a business, managing investments, balancing personal and professional finances, or planning, here’s what you need to know.  How will […]

Strategic Jurisdiction Planning for Share Acquisitions: Enhancing Cross-Border Financing Tax Efficiency

This benchmarking exercise was carried out by Joel Calitchi, Esther Ollech and Frédéric Mortamais together with the members of the ETL GLOBAL Tax Working Group. The study considers how the location of an acquisition vehicle (“Holdco”) can materially impact the tax efficiency of a cross-border share acquisition, where a multinational (“Topco”) desires to acquire a trading business (“Tradeco”) in a […]

Deadline for reporting transactions in shares and securities

CIR: HMRC’s concession for reporting company nominations

ATED: Are you ready for the approaching deadline?

Companies that own residential properties such as houses or flats must consider whether they fall within the Annual Tax on Enveloped Dwellings (ATED). If your company is affected, you will need to file an annual ATED return with HMRC and may also have to pay an annual ATED charge. ATED returns for the year ending […]

Spring Statement – 26 March 2025

INTRODUCTION  In mid-March 2024, the then Shadow Chancellor, Rachel Reeves gave the Mais lecture to the good and the great of the City. In the lecture, Reeves set out her broad fiscal framework, including goals to:  Balance the current budget, i.e. match day-to-day government expenditure with revenues; and   Have a single fiscal event (i.e. Budget) […]

End of tax benefits for furnished holiday lets

This article was originally published in Estates Gazette (EG) magazine on 26 November 2024.  Alongside the publication of the autumn 2024 Budget, the government published a policy paper to clarify the abolition of the furnished holiday lettings tax regime. First announced in the spring 2024 Budget, followed by the draft legislation published on 29 July 2024, the […]

Autumn Budget Report 2024

The first Budget from a Labour government since March 2010, and the first ever from a female Chancellor, proved to be the defining event that had been widely anticipated. From the moment in late July when Rachel Reeves unveiled her “£22 billion black hole” and announced means-testing for the winter fuel payment, it was clear […]

Changes to the Taxation of Furnished Holiday Lettings

Holiday homeowners are likely be aware of the upcoming changes to the Furnished Holiday Let (FHL) tax regime. In the Spring Budget 2024 Jeremy Hunt announced the abolition of the beneficial FHL tax regime with effect from April 2025. This will mean that taxpayers who own a holiday let will lose a number of the current tax benefits.   […]

CIR planning for property developers

Property developers who are capitalising some of their financing costs as property trading stock should be aware of the following risk and planning opportunity.   The Corporate Interest Restriction (“CIR”) is legislation which limits how much companies can benefit from utilising financing costs to reduce their Corporation Tax bill. You may recall our blog from last […]

ATED: what does it mean for your company?

Companies owning residential properties must consider whether they fall within the Annual Tax on Enveloped Dwellings (ATED) regime. ATED is an annual tax payable by any non-natural person, for example a company, that holds an interest in a UK residential property valued at over £500,000. An ATED return must be filed, even when no tax […]

QIPs: Corporation Tax payment deadlines for large and very large companies

Rapidly growing companies must consider the tax payment deadlines that large and very large companies in the UK are subject to. Rather than paying Corporation Tax 9 months and 1 day after the accounting period ends as smaller companies do, large and very large companies are subject to quarterly instalment payments (QIPs). At mgr, our […]

Corporate group or standalone entities?

HMRC prompts parents to re-register 16-year-olds for child benefit.

Did your child collect their GCSE results today? If so, depending on their chosen post-16 route, you must re-register them before 31st August 2023 (next Thursday) to continue receiving child benefit.    You should have received a letter from HMRC during your child’s last year at school, urging you to confirm their plans. Understandably, some […]