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Colin Hailey
Partner at Confluence Tax
Colin Hailey is the founder and managing partner of Confluence Tax LLP, a specialized tax advisory firm focused on providing expert tax advice to biotechnology and technology companies.12 With over 25 years of experience in tax advisory, Colin established Confluence Tax in 2010 after recognizing the need for pragmatic, client-focused tax advice tailored to small and medium-sized enterprises (SMEs) in the knowledge economy.1
Professional Background
Prior to founding Confluence Tax, Colin worked at two of the largest accounting firms in the UK:
- Arthur Andersen until 2002
- Deloitte until 20104
This experience in Big4 accounting firms provided him with a strong foundation in tax advisory services for technology and life sciences companies.
Expertise and Specialization
Colin's expertise lies in navigating the complex tax landscape for SMEs in the biotechnology and technology sectors. His areas of focus include:
- R&D tax credits
- Patent box benefits
- Employee equity incentives (e.g., EMI share option schemes)
- Tax valuation of shares and assets
- Transactions such as funding, expansion, M&A activity, demergers, reorganizations, and public listings1
Industry Influence
Colin is actively involved in shaping tax policies that impact the life sciences sector in the UK:
- Chair of the Finance and Tax Committee of the UK BioIndustry Association
- Engages in debates with HM Treasury and HMRC on tax topics affecting the life sciences sector
- Has influenced discussions on changes to R&D tax credits, the patent box, and venture capital schemes like EIS1
Contact Information
Colin Hailey can be reached at:
- Phone: +44(0)7855 502917
- Email: [email protected]
- LinkedIn: linkedin.com/in/colin-confluencetax1
Confluence Tax LLP is based in Cambridge, UK, with their office address at 1010 Cambourne Road, Cambourne, Cambridge, CB23 6DW.13
Highlights
Good to see the announcement from HM Treasury today of the draft law on R&D tax reliefs. Look forward to engaging with them as part of the BioIndustry Association (BIA) to refine a good first draft! #biotech #taxation The devil is in the detail. More updates to follow!
Your views sought - R&D 'single scheme' consultation R&D tax reliefs have seen massive upheaval in the past decade, including which costs are eligible, complexity around subcontractor costs, and the latest move – Jeremy Hunt’s 50% cut in the rate of R&D relief. In a bid to consolidate these changes, HM Treasury has launched a consultation into streamlining the 2 existing schemes into one.
Confluence Tax will be responding on our clients' behalf - so please have your say! Just 2 quick questions to answer, follow the link.
#tax #HMRC #researchanddevelopment #biotech #tech #lifesciences
