The tax advisors to biotechnology and technology businesses
ERS returns: Have you completed yours?
Deadline 6 July!
The deadline for filing Employment-Related Securities returns with HMRC is July 6, so there's still time to get in touch if you need help filing yours. Even if nothing has changed you must file a nil return or you will receive a penalty. Email connie@confluencetax.com or find out more about ERS below.
Latest blog posts
R&D tax credits: consultation response 2021
The Chancellor of the ExchequerHM Treasury1 Horse Guards RoadLondonSW1A 2HQ June 2, 2021 By email: RDTaxReliefs@hmtreasury.gov.uk Dear Chancellor, R&D Tax Reliefs: consultation Thank you for the opportunity to respond to the above consultation. Our comments follow. Respondent’s backgroundConfluence Tax is an 11-year established tax advisory firm; the only such firm to provide advice to businesses…
Enterprise Management Incentives (EMI): Confluence Tax response 2021
The Chancellor of the ExchequerHM Treasury1 Horse Guards RoadLondon SW1A 2HQ May 24, 2021 Dear Chancellor, Enterprise Management Incentives: call for evidence Thank you for the opportunity to respond to the above call for evidence. Our comments follow. 1. – 5. Respondent’s detailsConfluence Tax is an 11-year established tax advisory firm; the only such firm…
Employment related securities: guide to HMRC filing
EMPLOYMENT related securities (ERS) are a common way of incentivising employees within the technology and biotechnology industries. However, issuing shares or share options results in a reporting obligation to HMRC, the UK tax authorities. This quick guide covers the most common queries regarding these annual returns and what your obligations are for filing an ERS…
Biotech Employee Equity Survey 2020 results – BEES
The Employee Equity Survey was run for biotech companies to enable them to benchmark equity distribution and the size of share option pools..
R&D tax credits: PAYE cap implemented in 2021
But there is no need to panic as most companies, including those in biotech and tech, will be minimally affected by the changes. The PAYE cap legislation around SME R&D claims has been released by HMRC (November 12). Crucially, the exemption to the cap that we, together with the BIA, lobbied hard for, has been included. The key takeaway messages from today’s…
R&D cap’s off!
SOME GOOD news has arisen from the Brexit maelstrom and the biotech industry in the UK has been handed an early Christmas present. Given the forthcoming general election and closing of Parliament, there is no time this year for any proposed draft law on the PAYE cap on R&D tax credits to be released or…
Confluence Tax: registered tax agents in Ireland
PRESS RELEASE August 29, 2019 We are delighted to announce that Confluence Tax is now registered as a tax agent in the Republic of Ireland. Many UK-based companies that need to retain a foothold within the EU following Brexit – for regulatory reasons, for example – are establishing Irish subsidiaries. This is driving the need for tax advice and support…
PAYE cap on R&D claims – you’ve got to be kidding
HM Treasury has consulted on its plans to introduce a cap on R&D tax credit cash claims – of three times a company’s PAYE and NI. And the biotech sector has responded with a resounding “What the…!” The consultation does propose some refinements, such as the ability to include the PAYE and NI of other…
2018 budget: a tax update for biotech and tech businesses
Invitation to the essential 2018 post-budget briefing and general tax update for biotech and tech companies a free event We’ll keep it brief as you’re all busy but we’ll distill the significant bits of Chancellor Philip Hammond’s budget and discuss how they relate to biotech and tech businesses. The Confluence Tax team will be…
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Confluence Tax LLP
Registered office: 1010 Cambourne Business Park, Cambourne, Cambridge CB23 6DW, UK
+44 (0) 7855 502917
Partnership information
Confluence Tax LLP is a limited liability partnership registered in England, number OC357330
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The information contained in this website is for general information purposes only.
Employee schemes
Ensure your staff are incentivised in a tax-efficient way
Employee schemes
Ensuring your staff are incentivised in a tax-efficient way that doesn’t disrupt future investment rounds or a company sale should be at the heart of your strategy. This is where we advise on cost-effective and robust share schemes including EMI and hurdle shares. Our experience in share valuations enables us to help your business develop a complete and cost-effective approach.
Confluence Tax LLP
Registered office: 1010 Cambourne Business Park, Cambourne, Cambridge CB23 6DW, UK
+44 (0) 7855 502917
Partnership information
Confluence Tax LLP is a limited liability partnership registered in England, number OC357330
Privacy policy
Read our privacy policy
Disclaimer
The information contained in this website is for general information purposes only.