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Ireland: Liquidation, Receivership and Examinership, Simply Explained

 
Ireland Liquidation, Receivership and Examinership, Simply Explained

Liquidation

The two principal forms of liquidation are Voluntary Liquidation and Compulsory Liquidation.

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UK Limited Liability Partnerships – Key Features & Benefits Explained

 
UK Limited Liability Partnerships – Key Features & Benefits Explained

The UK Limited Liability Partnership, introduced under the Limited Liability Partnerships Act (2000), is widely used by professional firms and, increasingly, as a tax efficient vehicle for non-UK, international trading purposes.

Irish Taxation For Close Companies Explained

 
Irish Taxation For Close Companies ExplainedAlmost all companies in Ireland are “close companies”. The provisions concerning close companies were introduced in an attempt to counter the tax advantage that could be obtained by the retention of profits in closely held companies where they attracted tax at a rate lower than the progressive rates of personal taxation to which those profits would be subject if distributed as dividends to shareholders.

What is a Close Company?

 A company is defined as close where:

4 Recent Developments In Irish Tax

 
Recent Developments In Irish Tax

Commitment To 12.5% Rate Re-Affirmed 

In a recent Dáil (Irish Parliament) debate the Minister for Finance reiterated Ireland's commitment to the 12.5% corporation tax rate

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6 Essential Facts on Scottish Limited Partnerships

 
6 Essential Facts on Scottish Limited Partnerships

Scotland

Scotland is a country occupying one third of the island of the United Kingdom.  It has a population of over 5.2 million and Glasgow is the largest city.

VAT On Cross-Border Transactions Within The EU

 
VAT on cross border transactions within the EU

Common EU VAT law applies to all countries in the EU but each country can adapt these and set their own VAT policy.

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EC Draft Unitary Patent Protection Regulations To Reduce Costs By 80%

 
EC Draft Unitary Patent Protection Regulations To Reduce Costs By 80%

“It is my deeply-held conviction that there is no sustainable economic growth without innovation - and no innovation without efficient intellectual property protection”. Michel Barnier, Internal Markets and Services Commissioner

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Anti-Money Laundering Legislation In Ireland

 
Anti Money Laundering Legislation In Ireland

The Act


The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 was enacted into Irish law in July 2010 to update Irish anti-money laundering and terrorist financing legislation and bring it in line with the requirements of the EU Third AML Directive.  

The new legislation requires Firms and persons subject to its provisions (referred to as “designated persons”) to move to a risk-based approach in identifying clients or customers. 

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