E-cigarettes – do they attract the reduced rate of VAT?

It gets reported that ‘vaping’ has helped some three million smokers quit or reduce their smoking habits. Recent government research suggests it has saved the NHS billions of pounds. For some time it had been thought that e-cigarettes meet the definition as a smoking...

Breaking the group – is demerging your solution?

We are seeing increasing amounts of corporate restructuring and demergers, where the assets of a group are split to be held separately by the original shareholders. With careful planning, this can usually be achieved with little or no tax cost. Demergers are used to...