Rimac and Bugatti begin operating under new company

Today, Rimac Automobili officially joins forces with Bugatti Automobiles under the recently announced company, Bugatti Rimac d.o.o. The new company sees two automotive powerhouses generate an exciting new movement in the automotive and technology industries, originally initiated and strongly supported by the sports car manufacturer Porsche AG.

Freeths Budget Comment

Whilst Autumn Budget 2021 announced a number of spending giveaways, it was relatively light on new tax measures. In particular, the much-feared increases to rates of capital gains tax, inheritance tax and self-employed national insurance contributions did not materialise. Also absent were new restrictions on pensions tax relief or the introduction of a wealth tax.

Budget Comment from Grant Thornton

Jim Rogers, practice leader for Grant Thornton UK LLP in the Thames Valley area, said: “Businesses will be breathing a sigh of relief. The emphasis was on creating a new post-Covid economy and with two significant tax hikes already imposed this year, there was at least no more bad news.