HMT News – May 2016

recent-transactions-newsletter-may2016Insights: the deal market in the logistics sector
The Logistics sector is now one of the UK’s strongest performing sectors, bringing approximately £60 billion to the country’s economy (5% of UK GDP) and employing over 2 million people nationally. Our team advised on some of the most significant deals in the logistics sector and are sharing their insight on the deal market in the logistics industry. Click here for the full story

Investors’ Relief – A new route to 10% tax
The 2016 Budget included the surprise announcement of a new Investors’ Relief giving a 10% tax rate on share disposals.  Although this was described as an extension to Entrepreneurs’ Relief (ER), it is in reality opposite to ER in many ways with the main similarity being a 10% tax rate on the first £10m of gains. Click here for the full story

Parking fines ruled not deductible
A tribunal has ruled that security firm G4S cannot reduce its profits for tax purposes by deducting parking fines. Click here for the full story

VAT fuel scale charges
HMRC have issued details of the updated VAT fuel scale charges. Click here for the full story

Pensions Freedom Update
According to HMRC figures over 230,000 people have used the new pension freedoms introduced one year ago and accessed over £4.3 million in pensions saving. Click here for the full story

HMRC guidance for employers
The April Employer Bulletin is now available. Click here for the full story

Register of people with significant control
From April 2016, rules are introduced which require companies to keep a register of people with significant control (PSC register). Click here for the full story

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