Weil Tax BLOG - Feed https://tax.weil.com/contributor/kevin-donegan/ Views and developments from the Tax Department at Weil Fri, 29 May 2026 16:24:17 +0000 hourly 1 EMI Option Regime: Autumn Budget Changes https://tax.weil.com/insights/emi-option-regime-autumn-budget-changes/ Mon, 01 Dec 2025 13:03:25 +0000 Oliver Walker Kevin Donegan Barbora Lhotáková https://tax.weil.com/?p=2587 Among other changes announced as part of the UK Autumn Budget 2025, Rachel Reeves, the Chancellor of the Exchequer, announced that some of the limits that restrict the availability of the Enterprise Management Incentive (“EMI”) share option regime will be relaxed from 6 April 2026: In addition, from 6 April 2027, failure to notify HMRC

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]]> Among other changes announced as part of the UK Autumn Budget 2025, Rachel Reeves, the Chancellor of the Exchequer, announced that some of the limits that restrict the availability of the Enterprise Management Incentive (“EMI”) share option regime will be relaxed from 6 April 2026: In addition, from 6 April 2027, failure to notify HMRC

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]]> UK Listing Relief: changes to stamp duty reserve tax in the Autumn Budget https://tax.weil.com/insights/uk-listing-relief-changes-to-stamp-duty-reserve-tax-in-the-autumn-budget/ Wed, 26 Nov 2025 21:08:00 +0000 Kevin Donegan Sarah Flaherty Barbora Lhotáková https://tax.weil.com/?p=2585 Rachel Reeves, the Chancellor of the Exchequer, delivered the 2025 Autumn Budget, the Labour government’s second following their election to office in 2024. Among other changes, Ms Reeves announced a stamp duty reserve tax (“SDRT“) break for newly listed companies. Currently, when investors buy shares listed on a UK regulated market electronically, they pay SDRT

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]]> Rachel Reeves, the Chancellor of the Exchequer, delivered the 2025 Autumn Budget, the Labour government’s second following their election to office in 2024. Among other changes, Ms Reeves announced a stamp duty reserve tax (“SDRT“) break for newly listed companies. Currently, when investors buy shares listed on a UK regulated market electronically, they pay SDRT

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]]> UK Autumn Budget 2025: Tax Update https://tax.weil.com/insights/uk-autumn-budget-2025-tax-update/ Wed, 26 Nov 2025 19:15:13 +0000 Oliver Walker Aron Joy Kevin Donegan Erica Rees Sean Wright Barbora Lhotáková Joseph Nixon https://tax.weil.com/?p=2580 On 26 November 2025, Chancellor Rachel Reeves delivered her Autumn Budget, following an intense period of speculation. Although personal tax measures took centre stage, key business tax announcements included the introduction of UK stamp duty reserve tax relief for UK-listed companies and an extension of the Enterprise Management Incentive share option scheme. Below is a

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]]> On 26 November 2025, Chancellor Rachel Reeves delivered her Autumn Budget, following an intense period of speculation. Although personal tax measures took centre stage, key business tax announcements included the introduction of UK stamp duty reserve tax relief for UK-listed companies and an extension of the Enterprise Management Incentive share option scheme. Below is a

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]]> UK Autumn Budget 2024: Tax Update https://tax.weil.com/insights/uk-autumn-budget-2024-tax-update/ Wed, 30 Oct 2024 19:16:39 +0000 Aron Joy Oliver Walker Erica Rees Ellie Marques Kevin Donegan Lizl Loubser Jack O’Donohue Anna Ritchie Sean Wright https://tax.weil.com/?p=2357 On 30 October 2024, Chancellor Rachel Reeves delivered her highly anticipated Autumn Budget, marking not only the Chancellor’s first budget (and indeed the first budget ever delivered by a female Chancellor) but also the first Labour budget in 14 years. It is fair to say that the past few weeks and months have been full

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]]> On 30 October 2024, Chancellor Rachel Reeves delivered her highly anticipated Autumn Budget, marking not only the Chancellor’s first budget (and indeed the first budget ever delivered by a female Chancellor) but also the first Labour budget in 14 years. It is fair to say that the past few weeks and months have been full

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]]> Private Equity Outlook: Taxation of UK MIPs following the UK Government Autumn Budget https://tax.weil.com/insights/private-equity-outlook-taxation-of-uk-mips-following-the-uk-government-autumn-budget/ Wed, 30 Oct 2024 16:59:09 +0000 Oliver Walker Kevin Donegan Lizl Loubser https://tax.weil.com/?p=2343 Today, Rachel Reeves, the Chancellor of the Exchequer, delivered the 2024 Autumn Budget, the new Labour government’s first following their election to office in July. Among various other changes related to business taxation, Ms Reeves announced that the top rate of capital gains tax (CGT) that applies to the sale of shares would rise from

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]]> Today, Rachel Reeves, the Chancellor of the Exchequer, delivered the 2024 Autumn Budget, the new Labour government’s first following their election to office in July. Among various other changes related to business taxation, Ms Reeves announced that the top rate of capital gains tax (CGT) that applies to the sale of shares would rise from

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]]> UK AUTUMN STATEMENT 2023: TAX UPDATE https://tax.weil.com/insights/uk-autumn-statement-2023-tax-update/ Wed, 22 Nov 2023 18:48:02 +0000 Aron Joy Oliver Walker Kevin Donegan Enda Kerin Erica Rees Sean Wright Mila Kostadinova Jake Gilbey Weil Tax Blog https://tax.weil.com/?p=2050 On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, potentially the last such statement to precede the next UK general election. Despite mounting speculation over the past few days, there were no rabbits in the Chancellor’s hat, and today’s announcements were broadly in keeping with expectations. The headline items included the announcement that

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]]> Is a share option (or other security) granted to an employee or director always within the charge of UK income tax? The Vermilion case offers some guidance. https://tax.weil.com/insights/is-a-share-option-or-other-security-granted-to-an-employee-or-director-always-within-the-charge-of-uk-income-tax-the-vermilion-case-offers-some-guidance/ Tue, 14 Nov 2023 09:37:22 +0000 Oliver Walker Kevin Donegan Mila Kostadinova https://tax.weil.com/?p=2042 Background On 25 October 2023, the UK Supreme Court handed down its long-awaited judgment in HMRC v Vermilion[1]. The case concerned an individual investor – Mr Noble – whose company (Quest Advantage Ltd) (“Quest“) was engaged to advise Vermilion on a turnaround strategy. The costs of the project exceeded the budget, and Vermilion granted Quest

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]]> Spring Budget 2023: Tax Update https://tax.weil.com/insights/spring-budget-2023-tax-update/ Wed, 15 Mar 2023 19:55:43 +0000 Aron Joy Oliver Walker Erica Rees Kevin Donegan Akash Mehta Weil Tax Blog https://tax.weil.com/?p=1859 On 15 March 2023, Chancellor Jeremy Hunt delivered his Spring Budget, declaring that this would be a budget focussed on growth. In keeping with predictions, there were no major tax cuts announced in today’s Budget. However, there are still some significant changes for business, including immediate deductions for certain capital expenditure, and in relation to

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]]> Repeal of IR35 Reforms https://tax.weil.com/insights/repeal-of-ir35-reforms/ Tue, 27 Sep 2022 17:43:59 +0000 Oliver Walker Kevin Donegan Akash Mehta https://tax.weil.com/?p=1748 UPDATE: On Monday 17 October, the Chancellor, Jeremy Hunt, announced that the Government was not proceeding with the measures described below.  The “IR35” off-payroll working rules remain relatively controversial due to their relative complexity and the administrative burden they create.  Many commentators continue to call for both future reform of the rules and further consideration of

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]]> Employment Related Security Elections by UK Employees and Directors: Welcome Clarifications from HMRC https://tax.weil.com/insights/employment-related-security-elections-by-uk-employees-and-directors-welcome-clarifications-from-hmrc/ Mon, 01 Aug 2022 14:32:36 +0000 Aron Joy Kevin Donegan Patrick O'Donovan https://tax.weil.com/?p=1698 On 19 July 2022 HMRC published a helpful and welcome update to its Employment Related Securities Manual relating to restricted securities elections (Restricted Securities Elections). The law in this area is complex and full of pitfalls for the unwary and anyone who has been through a transaction involving UK employee or director shareholders will be

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