The summer, as for the Ashes tour, started badly with a summer Budget bringing a new unexpected dividend tax charge from next April which will badly affect all owner managed companies. How can you negotiate this massive change, and, like England, get some wins later on?

Among the rallies did the Chancellor win out overall? On the basis this looks like a revenue raising budget, yes he did, but did you? If we're looking for aces and deuces, there may be a few.

It might feel as though large companies get all the tax reliefs, but any additional 'reliefs' mainly arise from owning a global brand. 

So what can many UK based companies do? Let's illustrate with a Case Study:

It seems to be good news all round from the Chancellor, but the economy isn't yet strong enough for a lot of sugary giveaways, apart from the continued increase to the income tax free personal allowance.