SRLV News & Updates
From headline-making Budget announcements to government tax reforms and worldwide events, we address the key financial issues and emerging trends, weighing up their potential implications for creative, corporate, owner managed business and private clients, alongside sharing our in-depth industry knowledge, people updates and company news.
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SRLV Partners are Newest Members of Exclusive Creative Network, Trusted Advisor
We are pleased to announce that ten SRLV partners and staff are now members of Los Angeles-based Trusted Advisor - an international private membership group for music, entertainment and pro sport advisors.
Less Than One Month To Go For Graduate & Intern Applications
There’s less than one month to go before applications for SRLV’s graduate and intern programmes for 2025 close. As one of the UK’s top three music & entertainment accountants, there aren’t many firms offering opportunities like this, and numbers are limited!
Singapore on Thames, or the 51st state?
With the dawn of a new tax landscape for non-UK domiciles from April 2025 and a second Trump administration, Tom Buchan, Senior International Tax Manager, reflects on the UK’s incoming Foreign Income and Gains (FIG) regime and its impact on US taxpayers.
Applying For Graduate Programmes & Accountancy Internships at SRLV
We want you to have the very best chance of success and appreciate that this may be the first time you’ve applied for an internship or graduate scheme. To help, we’ve compiled our top tips for writing your application form and preparing for the final interview. Please refer to these as they include some common pitfalls that you’ll want to avoid.
Partner Trio Named in Billboard List for Second Year
We are pleased to announce that three of our partners have featured again among Billboard’s Top Business Managers - an influential list that highlights the work of leading financial advisors in the music industry.
Non-doms, trusts and the new FIG regime
The Autumn Budget confirmed that the UK’s ‘non-dom’ regime will be replaced with a new residence-based regime from 6 April 2025. SRLV’s tax team reviews further details published by the Treasury on how the new rules will work for current non-UK domiciles, British expatriates and new arrivals to the UK.
Autumn Budget 2024: Outcomes & Analysis
Yesterday’s Budget was a watershed moment, with seismic changes announced for this year and those to come. Our Tax Team share their views on the proposals, and warn that whilst businesses will carry the lion’s share of tax increases, the impact of future reforms to the Non-Dom rules and Inheritance Tax should not be underestimated.
Autumn Budget 2024: Initial Reaction
Steve Wren and Kieron Clement-Smith share their quickfire summary of Rachel Reeves’ historic first Budget, and the raft of major reforms and tax changes she announced, including an increase to employers’ NIC contributions, which is expected to raise £24bn per year.
SRLV partner honoured in Future of Business Management List
Grant Court, has been named as an honoree in Trusted Advisor’s Third Annual Future of Business Management List
Tax Rumours & The Autumn Budget: Our Reaction
As Budget speculation mounts further following Rachel Reeves' admission that taxes will need to increase to help balance the nation's finances, SRLV’s partners Gavin Lenthall and Steve Wren and tax director Kieron Clement-Smith share their thoughts on the potential tax changes that the new Chancellor may be considering.
UK General Election 2024: The Labour government’s tax plans
Following Labour’s landslide election victory, SRLV’s partner Steven Wren and director Kieron Clement-Smith recap the party’s key tax pledges, which are likely to be introduced over the next Parliament, and consider other potential tax changes that could be on the agenda.
UK General Election 2024: The Key Tax Pledges
Ahead of the General Election on 4 July, SRLV’s partner Steve Wren and director Kieron Clement-Smith review the key tax pledges made by Labour, the Conservatives, Liberal Democrats, Green and Reform parties, as part of their election manifestos.
Music industry valuation expert joins SRLV
Our new consultant, renowned business valuation expert Alan Wallis, will be working alongside SRLV partners to expand the firm's specialist valuation and expert witness services for music Intellectual Property (IP), whilst adding to the team's existing expertise in other areas.
The New Independent Film Tax Credit (IFTC) and permanent Cultural Reliefs
The Chancellor responded to calls for additional tax reliefs for UK independent films, visual effects, as well as introducing new permanent rates for Cultural Reliefs in the recent Spring Budget which is welcome news for all, as our tax partner Jai Vora, explains.
The end of the non-dom regime
Far-reaching tax reforms for non-domiciles were announced as part of the Spring Budget this week. Our Tax Director, Kieron Clement-Smith, highlights the key points for new and existing non-doms, how and when the new rules will be introduced, and early actions to consider.
Spring Budget 2024: Outcomes & Analysis
Chancellor, Jeremy Hunt, rose to the dispatch box yesterday for the most significant Budget speech of his tenure. Expectations were high, albeit that in the days leading up to the speech the Chancellor and PM were keen to downplay the “great election giveaway”.
Spring Budget 2024: Initial Reaction
Steve Wren and Kieron Clement-Smith share their quickfire summary of today’s much anticipated Spring Budget. The Chancellor, Jeremy Hunt, announced a raft of significant reforms and tax cuts, including the abolishment of the ‘non-dom’ regime, a further 2% national insurance cut and a reduction in the CGT rate for property disposals.
Withholding tax and international touring (part two)
As part of International Live Music Conference week, Steve Wren shares his insights into withholding tax (WHT) & why it matters for touring artists. Here, he covers some of the common pitfalls, issues specific to bands & crews, plus key tips for pre-tour planning.
Withholding tax and international touring (part one)
To mark International Live Music Conference week, SRLV partner Steve Wren shares his insights into withholding tax (WHT) & why it matters for touring artists. In this post, he explains what WHT is, how it works, where it can be reduced and why advance planning is essential.
Autumn Statement 2023: AVEC update
While the mention was fleeting in the Chancellor’s address, the final details of the reforms to Creative Industry Tax Reliefs and Audio-Visual Tax Reliefs have now been confirmed. Our Partner, Jai Vora, who specialises in tax reliefs for Film, TV and Video Games shares his thoughts on the amendments.