United Nations Climate Change
Our aim is to help our clients understand the potential opportunities and challenges that COP25 may have on their business.
UK Budget 2016
Publication | March 2016
The Chancellor delivered his UK Budget on 16 March 2016. Many of the measures are geared to the taxation of individuals, including those with a sweet tooth (with a new sugar levy being introduced). We concentrate on those changes which will directly affect our corporate and business clients:
- The business tax road map – the Government has published its long term tax plans for businesses, which include adopting many of the BEPS changes, such as a cap on interest relief;
- Taxation of entrepreneurs and managers – while combating so-called tax avoidance, reducing the rate of capital gains and extending the favourable regime for entrepreneurs;
- Oil and gas – a welcome reaction to the collapse in oil prices;
- Real estate - an increase in the rate of stamp duty land tax for commercial property and bringing offshore property developers into the UK tax charge;
Overall, businesses will have a mixed reaction, depending on their sector. We await the detail; the Finance Bill is due to be published on 24 March.
Recent publications
Managing IMO 2020 Compliance: The Importance of Engagement Between Bunker Suppliers and Consumers
IMO 2020 is almost upon us. Readers are well aware of the impending switch to 0.5 percent fuel mandated by Annex VI of MARPOL which will cause an anticipated drop in HSFO demand, the potential hazards of new untested LSFO blends, the concerns around scrubber operations, the debate over open loop versus closed loop, and the myriad of other risks associated with the impending regulatory change.
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