HMRC income tax share valuations are dead – get over it


THE UK tax authorities have stopped agreeing income tax valuations on employee share awards from 31 March 2016. Here’s why it’s not the end of the world. The tax problem is that awarding equity to employees, directors and management triggers income tax on the value on the equity (less what the employee pays). The valuation agreement…

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Budget 2016 tax implications for biotech companies

Corporation Tax As announced in the Budget 2016 statement, the UK corporation tax rate is to be reduced further and will decline as follows: 1 April 2015 1 April 2017 1 April 2020 20% 19% 17% In addition, the old system of ring fencing brought-forward losses within companies and only allowing group companies to share…

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