A link to our full briefing can be found here. The Chancellor of the Exchequer, Rishi Sunak, delivered his third Budget today. He began the work of “preparing for a new economy post-Covid” with a Budget that was relatively light on substantive tax measures. This was perhaps unsurprising (and welcome for businesses) given that this … Read more

The post below was first published on our Real Estate Development blog. Update 27 October 2021 – At the Autumn Budget and Spending Review 2021, the Chancellor of the Exchequer confirmed that the RPDT will be charged at 4% on profits exceeding an annual allowance of £25 million. For more see our Autumn Budget blog … Read more

The post below was first published on our Real Estate blog Back in April, we wrote about a consultation on a new proposed tax on residential property developers, the Residential Property Developer Tax (RPDT). This consultation closes on 22 July 2021, so there is still time to respond. Developers of certain types of high-rise residential … Read more

The post below was first published on our Real Estate blog. A consultation has been published regarding the new Residential Property Developer Tax (“RPDT“), which is being introduced as part of a package of proposals to raise revenue for remediation work to unsafe cladding on high-rise residential buildings. It is a lengthy consultation, setting out … Read more

The Chancellor of the Exchequer, Rishi Sunak, delivered his second Budget on 3 March 2021. The exceptional circumstances of the past year have forced the Chancellor to tread a fine line between revenue raising and continuing to support struggling businesses, individuals, and the fragile economic recovery. The main fiscal measure to note was the announcement … Read more

The Labour general election manifesto was launched yesterday. A number of significant tax proposals were outlined and these are set out below (note, many of the policies are lacking in further detail at this stage): Read more

The post below was first published on our Brexit blog With a change in Government in the UK by the end of this year a distinct possibility, this morning Herbert Smith Freehills held a second roundtable with clients to discuss Labour’s radical agenda, with a particular focus on their nationalisation plans. Read more

The 2018 budget was highly anticipated in light of Brexit. There was a lot of speculation as to what stance the Government would take to prepare the UK (economically) for life outside of the EU. Below we discuss the 5 measures most likely to be of interest to social impact businesses in start-up and scaling … Read more