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Related news & insights - Stephen Goldstraw

Enterprise Investment Scheme checklist (or why you won’t qualify for EIS relief)
Posted: 09/11/2023
EIS (Enterprise Investment Scheme) tax reliefs are very generous – investors can claim a repayment of income tax equal to 30% of their investment, and any gain on the sale of the shares is exempt from tax. But there are more rules than you can shake a stick at and every year extra ones are added. To help navigate the maze, here is a current checklist......>>
Tax on winding up a company
Posted: 09/11/2023
Assume that you have a company which has ceased trading and is left with a cash balance. You could extract most of the cash by paying a dividend, but that would be inefficient for tax purposes (resulting in tax rates of up to 39.35%). So, instead, you decide to wind the company up and receive the proceeds as a capital distribution......>>
Penningtons Manches Cooper advises Torpedo Factory Group Limited on its acquisition by Aukett Swanke
Posted: 02/05/2023
The corporate team at Penningtons Manches Cooper has acted for Torpedo Factory Group Limited, a leading audio, visual and stage technology provider to organisations in the UK and Europe, on its acquisition by AIM listed Aukett Swanke. Torpedo Factory Group is a technology systems integrator and services business operating primarily......>>
How can a social housing employer help its employees with the cost-of-living crisis?
Posted: 01/03/2023
Soaring inflation and a likely recession have caused employees to feel extreme financial pressure. Some are striking over pay and conditions in a range of industries. In these challenging times, social housing organisations can take various measures to help not just their tenants, but also their staff......>>
HMRC guidance on early termination fees and compensation payments - clarity or confusion?
Posted: 06/04/2022
On 7 February 2022 HMRC published its Revenue and Customs Brief 2 (2022) (RCB 2 (2022)) alongside its guidance (VATSC05910, VATSC05920, VATSC05930) on the VAT liability of early termination fees and compensation payments. The policy takes effect from 1 April 2022 and all previous guidance on VAT, early termination fees......>>
Details emerge of the residential property developer tax
Posted: 20/07/2021
Following the Secretary of State for Housing, Communities and Local Government’s announcement about an improved building safety regime, the Government published a consultation about a new residential property developer tax (RPDT)......>>
Penningtons Manches Cooper advises Oxford Cannabinoid Technologies Holdings plc on its main market IPO
Posted: 21/05/2021
Penningtons Manches Cooper has advised Oxford Cannabinoid Technologies Holdings plc (OCTP) on its initial public offering (IPO) on the London Stock Exchange, which valued the company at £48 million. The standard listing on London’s main market involved a £16.5 million placing with admission occurring this morning...…>>
Employee ownership trusts: the pros and cons
Posted: 26/02/2021
Shareholders looking to dispose of their companies in a tax efficient way may have noticed that one potential route promises to be entirely tax free – the sale of the company to an employee ownership trust. Can it really be that easy? The advantages and disadvantages of deciding to...…>>

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