News & press releases

Our partners and directors often write articles for the national press and comment on topical issues.

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Please note that contents are correct as at the date shown on each news item.

Cunningham Coates news

Thursday, 21 February 2013
The UK Government has agreed action with the Isle of Man as part of its clamp down on those attempting to hide their money offshore. The action plan includes an automatic tax information exchange agreement and the setting up of a disclosure facility. Details of that facility were posted on the Isle of Man and UK Government websites.
Thursday, 10 January 2013
One could almost hear the collective sigh of relief from investors as a solution (albeit a partial one) to the so-called US Fiscal Cliff was agreed at the 13th hour on 1st January, just in time for the re-opening of the US market after the New Year break. (The deadline was in fact 31st December, but this was missed leading to much consternation in the financial press).  Consequently, in the first three days of the New Year the S&P 500 rose by 2.5 per cent while the FTSE 100 rose by an even bigger 3.25 per cent - more than in the last quarter of the year and more than half its rise for 2012 as a whole.  Of course, the even more crucial and potentially destabilising discussions on spending cuts and the lifting of the US debt ceiling have been deferred until the beginning of March, but for now, the devastating combination of spending cuts and tax rises has been averted. 
Monday, 14 May 2012
Author: Jonathan Cunningham, Investment management director
In the March/April 2012 edition of the IOD Northern Ireland News I reminded members of the importance of considering the allocation of investments to different ‘asset classes’ and the impact of different taxation levels on the total return achieved. The caveat was made, however, that the tax tail should not wag the investment dog; the asset allocation should take precedence over the tax wrapper. As such the introduction of the Junior ISA for minors with a subscription limit of £3,600 did not initially fill me with enthusiasm. Another attempt to introduce a long-term investment culture!
Monday, 14 May 2012
Author: Cathy Dixon, Investment management director
Over the past few weeks the news has once again been full of more poor economic data, most notably that the UK has once again descended into recession with the revelation that the most usual measure of economic growth, gross domestic product, showed a somewhat unexpected fall of 0.2% for the first quarter of this year. As we have had two consecutive quarters of negative growth, we are now technically in recession.
Wednesday, 21 March 2012
Author: Andrew Wilkes, head of London corporate tax
"The new tax rules are likely to be based on the existing tax system for UK film producers which is generally thought to have brought about £1billion of investment into the UK last year. If the Chancellor’s latest Budget proposals give a similar boost to the video games, animation programmes and ‘high end’ TV programmes, this will be an excellent boost for the UK's creative industries. We have yet to see the detail, but this sounds very promising," says Andrew Wilkes, head of London corporate tax.
Wednesday, 21 March 2012
Author: Richard Mannion, National tax director
George Osborne today targeted the property sector by introducing a 15% stamp duty tax on homes worth more than £2 million that are bought through a company. He also announced a consultation for an annual charge on certain such owned residential properties to come into effect in April 2013.
Wednesday, 21 March 2012
Author: Richard Mannion, National Tax Partner
The Chancellor makes tax easier for small businesses, but we would have liked more, says Richard Mannion, national tax director at Smith & Williamson, the accountancy and investment management group.
Wednesday, 21 March 2012
Author: Richard Mannion, National tax director
The chancellor today announced that he will raise the personal tax allowance at a faster pace in an effort to take millions of low earners out of the tax system all together.
Wednesday, 21 March 2012
Author: Richard Mannion, National tax director
Neon lights of a cut in corporation tax and top rate of income tax give the impression that the country is open for business; however, we would like to see the chancellor do more to help enterprise when he can.
Wednesday, 21 March 2012
Author: Richard Mannion, National tax director
A number of families around the country today had a lucky escape as they narrowly avoided losing their child benefit from January 2013. The threshold was moved from the mooted £42,475 to households where a family member earns £50,000. In an effort to avoid the ‘cliff edge’ the withdrawal will be now be tapered. For every £100 earned over this threshold an income tax charge of 1 per cent of the full Child Benefit will be applied – essentially meaning that until you earn £60,000 you will receive some level of benefit.

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