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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…

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…

Employment related securities: guide to HMRC filing

By CT Team | May 12, 2021
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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…

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
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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…

Budget 2020 tax update for biotech and tech companies

By CT Team | March 16, 2020
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THE 2020 Budget was an interesting one, especially for biotech companies. Confluence Tax’s team presented the headline points during the company’s Post-Budget Briefing event held on March 12. The focus was on the main elements that will affect companies from a tax and finance perspective.

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
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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…

Confluence Tax: registered tax agents in Ireland

By CT Team | August 29, 2019
Logo-of-Irish-tax-authorities

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…

PAYE cap on R&D claims – you’ve got to be kidding

By CT Team | July 31, 2019
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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.…