Richard Miller

Partner

+44.20.7280.2028

Richard Miller is a partner in the Tax Department and a member of the Private Funds, Private Equity Transactions and Mergers & Acquisitions Groups.

Richard provides advice on a full range of UK and international tax matters. His practice specifically focuses on all aspects of the private fund lifecycle.

Richard acts for private fund asset managers in structuring and raising investments funds, structuring carried interest and coinvestment arrangements, establishment and operation of fund management businesses, M&A and investment activity and finance transactions.

Richard also represents institutional investors in structuring and negotiation their private fund investment activity including primary and secondary investments and bespoke transactions.

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Upcoming changes to the company share options plan regime

By Stephen Pevsner, Robert E. Gaut, Richard Miller and Emma C. McDonnell on March 15, 2023 Posted in Tax, UK Tax

Company share option plans (CSOP) and enterprise management incentives (EMI) are two statutory share option regimes that can be used to incentivise employees in a tax-efficient way. Broadly, where the relevant qualifying criteria have been met, both the CSOP and EMI schemes allow employees to acquire shares in their employer (or its group) for less … Continue Reading

Massive U-Turn on Mini Budget

By Richard Miller, Emma C. McDonnell and Robert E. Gaut on October 18, 2022 Posted in Tax, UK Budget, UK Tax

As has been widely reported, a number of the Mini Budget proposals (summarised in our recent Tax Blog) have been scrapped. The new Chancellor of the Exchequer Jeremy Hunt announced these measures claiming that they are estimated to raise £32 billion in taxes every year. More tax rises and spending cuts are expected to be … Continue Reading

UK Mini Budget 2022

By Richard Miller, Emma C. McDonnell and Robert E. Gaut on September 23, 2022 Posted in Tax, UK Budget, UK Tax

UK Mini Budget 2022 The Chancellor today unveiled the UK’s 2022 Growth Plan which has been described as being “the biggest package of tax cuts in generations”. We have summarised here the tax changes that we think will be of interest to our client base. UK corporation tax: the main corporation tax rate that was … Continue Reading

UK Budget 2021

By Catherine Sear and Richard Miller on March 4, 2021 Posted in Corporate tax, In the news, UK Budget, UK Tax

The UK has now been in lockdown, on and off, for the best part of a year. With the COVID-19 vaccination programme now in full swing in the UK, and hopefully with light at the end of tunnel, attention has inevitably turned to the question of “how are we going to pay for it all?”. … Continue Reading

Narrowing of UK intermediaries’ DAC 6 reporting requirements

By Stephen Pevsner, Richard Miller and Philip Gilliland on January 5, 2021 Posted in UK Tax

On 30 December, the UK government laid regulations that will significantly reduce the type of cross-border arrangement that will need to be reported by UK intermediaries under the so-called DAC 6 rules on 31 January 2021 and in the future. In the last year or so, we have regularly written about DAC 6 in our … Continue Reading

Conservative Legislative Agenda Set Out in Queen’s Speech

By Robert E. Gaut and Richard Miller on June 23, 2017 Posted in UK Tax

Following the UK general election on 8 June 2017, at which Theresa May’s Conservative party won the largest number of seats but lost its overall majority, the Queen’s Speech setting out the now minority Conservative government’s legislative programme for the next two years was delivered on 21 June 2017 at the state opening of Parliament. … Continue Reading

BEPS: Update on Action 6 on Treaty Benefits

By Robert E. Gaut and Richard Miller on January 26, 2017 Posted in Base Erosion and Profit Shifting, International Taxation

In our previous post published on 6 December 2016 we described the OECD’s BEPS Project in the context of the publishing of the draft Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the “Convention”). One area that the OECD has itself acknowledged requires further consideration is in relation … Continue Reading

The Proskauer Tax Blog

Richard Miller