Introduction to new team members at A&M Taxand Glasgow – Adam Stevenson, Scott Hutchinson and Joshua O’Hare

A&M are pleased to welcome back, Adam Stevenson, to the Financial Investors Group at A&M Taxand Scotland.  Mr. Stevenson has 7 years of experience in advising private businesses and corporate clients. He specializes in UK taxation, within the financial investors group, focusing on tax due diligence and structuring advice for a wide range of corporates entities and PE backed businesses.

A&M are also pleased to welcome, Scott Hutchison, to the Reward and Employment Taxes team at A&M Taxand Scotland. Mr. Hutchison has over 7 years’ experience advising on UK domestic and global employment tax matters, working in both Big 4 and mid-tier practices. He has supported large corporates and SMEs, providing compliance and advisory services and expert input within transaction settings.  

Finally, A&M are pleased to welcome, Joshua O’Hare, to the Corporate Tax team at A&M Taxand Scotland. Mr. O’Hare has almost 3 years of experience in a corporation tax team with a focus on both the preparation of corporate tax returns and the provision of corporation tax advice for a range of entities throughout their life cycle, as well as providing tax input to financial due diligence and structuring projects.

Management Equity Plans in an Economic Downturn

As we navigate 2023 through an uncertain economic outlook, Private Equity funds and portfolio companies are looking at their management equity plans “MEPs” from several standpoints to ensure these have the desired incentive effect for the management team.

Please refer to  our article where we look at some of the issues Private Equity funds and portfolio companies may need to address in an economic downturn in relation to their MEPs here. 

UK Employment-Related Securities (“ERS”) reporting reminder

UK ERS return deadline of 6 July 2023 is fast approaching for reportable events occurring in the 2022/23 tax year i.e. for Asset Managers, this could include the acquisition of carried interest and co-investment entitlements. 

Employers need to register their arrangements with HM Revenue & Customs and file online annual returns for reportable events which have occurred during the 2022/23 tax year, by 6 July 2023. Nil returns will be required even if there are no reportable events which occurred in the 2022/23 tax year if arrangements were registered previously. 

If you need any assistance or if you are unsure whether you are required to file an ERS annual return for 2022/23, please do not hesitate to get in touch.