Clydesdale bids for Williams & Glyn

Clydesdale has made a last minute bid to buy Williams & Glyn from Royal Bank of Scotland, according to the Financial Times. Clydesdale says it has made a “preliminary non-binding proposal” for Williams & Glyn. RBS wants to get a sale agreed in principle by the end of 2016. The firm needs to sell the […]

Tony Mudd: The investment bonds and small firms tax puzzle

Prior to April 2008, investment bonds (both onshore and offshore) held by companies were taxable under the chargeable events regime – precisely the same regime that applies for individual investors today. In other words, a tax charge would arise where there is a chargeable event and any resulting gain would have been subject to corporation […]

Tenet’s Mike O’Brien takes on regulatory director role

Tenet group brands director Mike O’Brien is taking on the role of group regulatory director after Gill Davidson leaves the business next month. O’Brien joined Tenet in 2009 as RDR programme director. He says: “Mifid II, the Financial Advice Market Review, Brexit and the consolidation of guidance services are but a few of the major […]

Time to stop the salami slicing on tax relief

Steve Webb  – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]


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