Broking Business: Winter 2020/21
Read time: 19 mins
Service: Audit & assurance Sector: Insurance
Tax is never far from the agenda. Tax Partner, Howard Jones summarises recent changes that Brokers and MGAs should be looking out for, that have taken, or will take, effect (and in some cases, won’t!). As I write, a Budget announcement is on the horizon. Head of Tax, Chris Riley looks into his crystal ball and makes some predictions on the next round of tax changes.
We also include a reminder of the contents of the Dear CEO letter issued last September following the FCA’s concerns about the handling of client money, and our views on what it means in practice.
Finally, we take a look at how Covid has affected the M&A market which, after a short lull in March and April 2020, bounced back with a flurry of deals made public at the end of 2020. As 2021 gets underway, we can’t see any sign of slowdown. We hope you find this edition useful. As always, we are keen to hear your views and suggestions for future articles.