BREXIT AND TAX: WHAT’S IN STORE FOR BIOTECHS?

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THERE IS no doubt that biotech fundraising rounds are getting bigger, companies are getting bigger and, as tax advisors, we are being faced with previously unheard of issues. Take profits – these could result in corporation tax liabilities, groups so large or profitable that they cannot claim SME R&D tax credits or future milestone income…

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HMRC Enterprise Centre: why the delays?

Two roads and a sign saying now one way and later the other

IN LIGHT of the November 2017 budget where the Chancellor announced the importance of supporting the R&D sector and growth of small businesses, why are we experiencing delays at the HMRC Enterprise Centre? Confluence Tax’s Anne-Marie Rickels looks at the problems and what can be done. Venture Capital Schemes, such as VCT, EIS and SEIS,…

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BUDGET 2017: BEST BITS

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CONFLUENCE TAX held a post-budget tax briefing for those in the biotech and tech space on November 23, 2017. Here we’ve shared the ‘need to knows’ for all knowledge-intensive companies and investors WHILE MANY commentators on the autumn budget were unmoved, we welcomed various tax changes that affect the knowledge-based businesses we work with –…

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