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Valuing Star Wars
In 2012, Disney acquired the rights to the Star Wars franchise from George Lucas for $4 billion. Back then some questioned whether Disney was overpaying for an ageing franchise that had been somewhat tarnished by the three prequel films. At the time of the deal Professor Aswarth Damodaran of the Stern School of Business in…
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What are the latest Inheritance Tax changes?
With so many changes afoot with inheritance tax and the rules of succession, now more than ever it is time to consider whether you have made efficient provision to look after your loved ones after your death. Passing on the family home A welcome announcement at the Summer budget was the introduction of a main…
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How are dividends taxed?
Dividends, where are we now? The announcement that will have sent shock waves through many owner-managed businesses and shareholders is the Chancellor’s radical proposed changes to the taxation of dividends. Currently we live in a peculiar world where dividends received are artificially grossed up in tax computations and a notional ten percent tax credit is…
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Landlords – Watch out, change is about!
Summer Budget 2015 contained one or two unpleasant surprises, especially if you are a landlord and liable to higher rate tax. Chancellor George Osborne announced that the Government will restrict the amount that residential landlords can currently claim on loan interest payments from April 2017. According to the Chancellor, this will “create a more level…
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IT: why size does matter
For companies operating in the information technology and telecommunications support services sector, scale is a key driver of the sale price in M&A transactions Valuations in the IT sector continue to race ahead with leading commentators and investors expressing concern that the bubble might burst sooner rather than later. In particular, corporate acquirers and financial…
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Introducing Business Watch
Warwickshire Business Watch is a multi-functional platform with the aim of providing reassurance to businesses in relation to Business and Cyber Crime. Warwickshire Business Watch has been created in Partnership between the Warwickshire County Council Community Safety and Substance Misuse Team, the Police and Crime Commissioner and the Police. The website is managed by the…
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The Autumn Statement 2015
George Osborne spoke for sixty seven minutes in his combined Comprehensive Spending Review and Autumn Statement. As a rough estimate maybe two or three of those minutes were about taxation. So no tax changes then? Well not quite. As we know the Chancellor introduced his famous five year tax lock earlier this year that means…
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Twelve month extension of transitional regime for VAT on pension scheme costs announced
This blog is targeted at: businesses and other taxable entities that provide pension schemes for their employees pension fund management providers pension scheme trustees and pension providers tax advisers HMRC has recently provided an update in relation to VAT recovery on fund management services for defined benefit pension schemes following the judgment in PPG Holdings.…
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The Final Countdown, time to disclose
The Liechtenstein Disclosure Facility (LDF) is not the catchiest title but it will be of some importance to certain people. The LDF was created as a facility to enable UK taxpayers with undisclosed foreign assets to regularise their historic tax position with HMRC without fear of prosecution or a complete loss of the assets being…