Government increases merger tax
The government is increasing merger fees charged by the competition authorities with effect 1 April ...
The government is increasing merger fees charged by the competition authorities with effect 1 April 2006. This increase will be phased-in in a two-stage process over a three-year period. The amendment also provides for foreign acquirers to be charged a merger fee for the first time. From 6 April 2006, the new charges for mergers where the value of the UK turnover of the firm being acquired is £20m or less will be £15,000. This will increase to £30,000 from 6 April 2009. A merger will cost £30
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