Pearse Trust Blog

When an Irish company assigns a receivable, i.e. a debt that someone owes to the company, there are a number of Irish taxation issues to consider. However, by structuring the transaction and documentation in a tax efficient manner, it is possible to minimise the potential Irish tax implications.

There has been an increase in female representation on the board of directors of listed companies in the UK over the past two years according to a recent report issued by Lord Davies for the Department for Business, Innovation and Skills. However, the report suggests that there is much still to do in order to achieve a gender balance on the boards of listed companies.

What Is Intellectual Property?

Intellectual Property (IP) is a product of mental effort and human creativity to which rights are capable of being protected under national and international laws. Under these laws, the owners of the IP are granted exclusive rights over the property, usually for a specified period of time. These rights are known as intellectual property rights (IPRs).

First Signs Of Data Leak

At the start of April, a data leak exposed the identities of thousands of investors in the British Virgin Islands (BVI).  The information was obtained from a hard drive sent to the International Consortium of Investigative Journalists (ICIJ). 86 journalists across 46 countries spent 15 months analysing the information.

With certain exceptions, a UK incorporated company is resident in the UK for tax purposes. This feature of UK company residence is known as ‘the incorporation rule’.

Dividends are payments made by a company to its shareholders out of its profits or reserves.

The Companies Act 2006 (“CA 2006”) defines a distribution as “every description of distribution of a company's assets to its members, whether in cash or otherwise" (section 829), with the most common form being a dividend.

General meetings are meetings of the shareholders of a company.  Decisions of the members at a general meeting are made by a resolution.