Business Tax Planning

Tax planning is key when starting up a business, vital when running it and crucial when selling it. Make sure you get the right advice, from the right advisors

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Astute tax planning is a key driver in maximising business success. It is essential to have a clear vision of your goals and to plan from the outset. Every corporate transaction has a tax implication and getting the strategy right is integral to the success of your business

EIS companies

Many of the companies we form as part of acquisitions planning or new company start-ups are set up to qualify for Enterprise Investment Scheme (EIS) relief. These schemes can provide significant Income Tax relief on share subscriptions together with valuable capital gains tax reliefs. They can also act as a major plus for prospective investors, who may require assurances on this prior to committing to an investment.

Corporate Restructuring

Corporate acquisitions and disposals must be structured in the most tax efficient way for both purchasers and vendors. Sometimes it is necessary to reorganise the business or group structure either pre or post sale to optimise tax efficiency and avoid tax traps. We can advise on and implement restructuring schemes including the preparation and negotiation of HMRC tax clearances.

Shareholder Tax Planning

We can advise on these and other shareholder tax issues including the structuring of earnouts and issues relating to the restricted securities regime.

Business Asset Disposal Relief (which was known as Entrepreneurs’ relief) is available on gains on business assets. There are restrictions for example on goodwill on incorporation and for management companies so care needs to be taken at the outset to ensure the investment will qualify for the relief on an ultimate disposal.

“Job well done! Thank you very much… We would like to compliment Alliotts for the excellent professional service and guidance that we have received while in the process of the rather complicated share sale transfer” (Management buy out)

Share Options

Share options are an important tool for company tax mitigation and for employee incentives. Schemes can be matched to meet company objectives and we can assist companies to identify the scheme that will best meet its needs. Schemes available include:

  • Enterprise Management Incentives (EMI)
  • Phantom Share Scheme
  • Unapproved employee share ownership plans
  • Company share option plans (CSOP)
  • Savings related share options

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For business tax planning advice from the experts please contact us

    Business Tax Planninghttps://www.alliotts.com/expertise/business/business-tax-planning/
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    David Gibbs | Alliotts

    David
    Gibbs

    Partner

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    David is an International Corporate Tax specialist. He has over 30 years’ experience in providing commercially focused tax advice and support to a wide range of clients, from technology start-ups to large inward investing corporates.

    A qualified Chartered Accountant, David went on to qualify as a Chartered Tax Adviser and prior to joining Alliotts as a partner in 2014 he held the position of tax partner in Grant Thornton and subsequently in PwC.

    David focuses on providing strategic tax advice to entrepreneurs and privately owned businesses. By investing time in understanding clients and their businesses he is able to provide advice which is practical and appropriate to clients’ circumstances in order to keep taxes to a sensible minimum. He advises on a wide range of taxes including transaction planning, UK outbound and inbound structuring, corporate tax, technology tax reliefs, investor and shareholder planning, capital gains tax and LLPs. David advises both UK and overseas business owners on international tax planning.

    David also specialises in advising individuals and businesses in the media sector on UK film tax credits, video games tax reliefs and other creative sector tax incentives. He also advises on EIS and SEIS.

     

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    Clair Dart | Alliotts

    Clair
    Dart

    Partner

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    Clair’s experience has been generated over almost 20 years in practice. Over this time Clair has worked closely with clients operating in corporate and not for profit environments. Clair enjoys the technical aspect of the application of tax legislation to make sure clients are compliant, and the practical application to make sure that they are tax efficient. Tax is integral to each structure and to every transaction, Clair specialises in advising on the vital areas of corporate tax, tax reliefs and international VAT. The true value of Clair’s advice is that it is designed to provide solutions and is delivered in terms clients understand.

    Leading and mentoring a talented team of advisors Clair is driving Alliotts tax offering to ensure that it not only meets, but anticipates the needs of ambitious businesses in a global market. As a testament to her leadership skills Clair was awarded ‘Leader of the Year’ at Westminster Business Council’s 2023 Business Awards.

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