Pearse Trust Blog

Liquidation

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

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.

What is a Close Company?

 A company is defined as close where:

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. 

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.

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

“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

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.