The tax advisors to biotechnology and technology businesses

Budget 2021: the tasty bits!

Invitation-to-Confluence-Budget-event

Our clients are cordially invited to attend the Confluence Tax post-budget shakedown, an in-person event to be held at the Møller Institute, Cambridge on October 28. Register your interest below.

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Latest blog posts

R&D tax credits: consultation response 2021

By CT Team | June 3, 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

By CT Team | June 3, 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

By CT Team | May 12, 2021

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

By CT Team | December 21, 2020

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

By CT Team | November 18, 2020

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…

Entrepreneurs’ Relief and EMI: letter to HM Treasury

By CT Team | March 3, 2020

Given the speculation in the press regarding the withdrawal of Entrepreneurs’ Relief (ER), I wanted to bring to your attention that Enterprise Management Incentive (EMI) share options rely on ER for their tax efficiency, in enjoying a 10% rate of capital gains tax.

R&D cap’s off!

By CT Team | November 4, 2019

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

By CT Team | August 29, 2019

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

By CT Team | July 31, 2019

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

By CT Team | October 2, 2018

  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. 

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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

Disclaimer

The information contained in this website is for general information purposes only. 

Read more