Posts Tagged ‘HMRC’
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…
Read MoreBiotech 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..
Read MoreR&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…
Read MoreBudget 2020 tax update for biotech and tech companies
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.
Read MoreEntrepreneurs’ Relief and EMI: letter to HM Treasury
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.
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