The tax policy function monitors and advises clients on the latest tax policy changes for business as they arise from proposals through to enacted legislation.
We respond to major UK and international consultations ensuring that our clients' voices are heard at an early stage in the policy making process. Given the rapid roll-out of the OECD BEPS proposals, sustained activity in tax policy from the EU, and continued revisions to the UK tax system, businesses need to be one step ahead and engage in the policy making process to identify and manage future risks. We can advise you on the latest developments through our policy monitor; identify technical changes to achieve better outcomes for your business; and talk through the options to deliver that change. We are also represented on a number of industry and professional bodies' tax committees, including the BVCA chaired by Mark Baldwin; BPF; AIMA; CIOT; IFA and The Law Society.
We were heavily involved in the consultations that delivered the changes in April 2019 to the taxation of non-residents on capital gains arising from the disposal of UK real estate; we provided input to government on revisions to entrepreneurs' relief which resulted in a further amendment to the Finance Bill to insert an alternative test; and we are currently talking to government on ways to make the UK the location of choice for fund managers to hold assets.