Sam Hart, a director in the Entrepreneurial Business team at Deloitte said: “To date, the optimum capital gains tax rate on an exit for an entrepreneur has been 10%.  However, from next April the tax rate rises to a flat rate of 18% and will become a much more substantial cost.  10% tax was seen by many as an acceptable cost on an exit, but 18% is significantly higher and may affect the decision whether or not to sell.  An entrepreneur with a...

Firstly, Alistair Darling, perhaps spurred into action by the Conservative announcements last week, has announced relaxations in the use of the nil rate band for inheritance tax (IHT). Up to now, if a spouse dies there is no IHT payable if the assets are left to the surviving spouse or civil partner. When the survivor dies, only one nil rate band is available. Thus the nil rate band of the first of the couple to die is lost unless the couple have enough assets to leave some...

Yet as the market commences the final quarter, it looks like this record year for buyouts might be remembered for very different reasons.  The...

• Make no bones about it, this year’s Pre-Budget Report (PBR) will have one aim and one aim only – to ensure that Gordon Brown wins a general election. We expect some fairly large tax cuts purely intended to grab the headlines and shoot the Conservatives’ fox. But, in order to head off accusations of fiscal recklessness, these will be funded mostly by low-profile tax rises elsewhere.
• The PBR will include measures unashamedly aimed at taking the wind out of the Conservatives’ sails. It is possible that the Chancellor, Alistair Darling, will match exactly the Conservatives’ pledge to cut...

• Today’s decision by the Monetary Policy Committee to leave interest rates on hold at 5.75% shows that the Committee is in no rush to reduce interest rates. While I would not altogether rule out an interest rate cut at next month’s meeting, it seems likely that lingering inflation concerns will mean that interest rates do not start to fall until early next year.
• The longer the financial market turmoil has continued, the clearer it has become that it will have some impact on the wider economy. The high level of interbank interest rates has made it more expensive for companies and...

The online tax guide, at www.aandb.org.uk/taxguide, is for arts fundraisers, donors and wealth managers. A&B’s guide includes simple information demonstrating that, contrary to popular belief, it has never been easier to give to the arts and the tax benefits have never been greater. 

A&B’s tax guide, created in partnership with Deloitte, DCMS and Her Majesty’s...

The data comes despite suggestions that internet comparison sites are driving down rates. While Deloitte found that more than half of new business is now from the internet and that comparison sites are taking an increasing share of internet sales, most...

The Chinese graduates will receive the same training and salary as other graduate joiners, a paid trip home each year and will complete the ACA qualification. They will be working in audit, corporate tax and technology assurance and advisory.

After four years in the UK, they will have the option of returning to work for Deloitte in China.

Commenting on the programme,...

At an awards ceremony in London, Deloitte were also presented with one of only six special awards. Deloitte won the ‘connectivity’ category for the initiatives the firm has introduced to allow employees to stay linked into the organisation. They were the only professional services firm to receive...