Many of this week’s briefings focused on George Osborne’s pre-election Budget. While the general consensus in the wider world was that it was a ‘boring’ Budget designed not to upset anyone prior to polling day in May, there were of course a number of announcements that have significant implications.
Addleshaw Goddard looked at the potential ‘lifeline’ for North Sea oil and gas that the Budget offered. The decline in production combined with the recent fall in the price of oil has led to some tough times in this sector and the Government has attempted to make it attractive to future investors with a number of measures. The Budget announced a reduction of supplementary tax, simplification of investment allowances and £20m worth of funding for a programme of seismic surveys. looks at these proposals – and their likely consequences – in detail: click here for more information.
Meanwhile, Baker Tilly has noted that Budget 2015 laid off the attacks on partnership that have been a feature of recent times. This briefing runs though the announcements of interest and adds a prediction: “The Budget didn’t state that there would be any investigation of how professional services have implemented measures to ensure their members hold self-employed status, but we suspect that this is on HMRC’s agenda.” Click here for more information.
Finally, Bates Wells Braithwaite published some ‘reflections for businesses and investors’ focusing on changes announced in relation various topics.
One of these was Entrepreneurs’ Relief, where the Government wants to crackdown on the use of ‘manco’ structures. Another was EIS, where there are to be, in Bates Wells’ words, ‘welcome and less welcome changes’. On the positive side, a rule that produced unnecessary complications for early stage companies trying to secure funding has been scrapped – a sign, says Bates Wells, that the Government has listened to consultation responses on EIS. Click here for more information.
Top five briefings by law firm
Addleshaw Goddard: Budget 2015 offers a lifeline for North Sea oil and gas Download
Bates Wells Braithwaite: Budget 2015: reflections for businesses and investors Download
Gateley: Shared parental leave and pay: the top three questions answered Download
Oxera Consulting LLP: Economics and litigation: a match made in court Download
Collyer Bristow: Williams v Leeds United FC – repudiatory breach of contract or: don’t use your work email to send personal messages Download
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Top five briefings by practice area
Corporate: Win the battle to win the war: top tips for incorporating terms Download
Company: Budget 2015: all quiet on the partnership front, but what is lurking around the corner? Download
Real estate: Budget boost for first-time buyers Download
Intellectual property: Fashion fades but style is eternal: the problems of protecting a signature style Download
Litigation: The price of victory: the litigation funding process Download
More practice areas
Top five briefings by region
Asia-Pacific: Much ado about nothing: China and the ‘market economy’ Download
Middle East: Dubai solar energy scheme: more assistance on offer Download
Offshore: Lessons from Nolan v Minerva: know your client, or else… Download
UK & Europe: UK’s £10m investment in digital currencies Download
US & The Americas: Do the right thing: difference is good Download