Pearse Trust Blog



EU Takes Forward Plans For Beneficial Ownership Registries

Posted by Pearse Trust on Wednesday, Sep 02, 2015


On 29 April 2015, the Council of the European Union, which represents the governments of the 28 EU member states, endorsed a package of proposals aimed at preventing money laundering and terrorist financing. The package requires that EU governments establish and maintain central registries containing information about the beneficial owners of companies registered in their jurisdictions.

Read More

Tags: Legal, EU, Beneficial Ownership

VAT & VIES Filing Requirements In Ireland

Posted by Pearse Trust on Wednesday, Aug 12, 2015


Ireland’s decision to join the EU in 1973 marked the introduction of Value Added Tax (VAT). VAT was implemented among all member states as the turnover tax within the “common market”, and as a means of policing VAT, the ‘VAT Information Exchange System’ (VIES) was introduced in 1993.

VIES operates as a system of administrative support to member states and ensures both the registration of companies for VAT as well as the correct rate of VAT being charged on all transactions.

Read More

Tags: Ireland, Tax, EU, VAT

Update On 4th EU Money Laundering Directive

Posted by Pearse Trust on Wednesday, Nov 12, 2014

 

In our previous blog, on the EU 4th Money Laundering Directive it was noted that the European Commission had adopted proposals in the fight against money laundering, tax evasion and terrorist financing.

One of these proposals was a Directive on the prevention and use of the financial system for the purpose of money laundering and terrorist financing – the 4th AML Directive.

Read More

Tags: Legal, EU, Anti-Money Laundering, Beneficial Ownership

The OECD Implements New Country-By-Country Reporting

Posted by Pearse Trust on Wednesday, Oct 01, 2014

 

The Organisation for Economic Co-Operation and Development (the “OECD”) has introduced new country-by-country reporting recommendations which provide for multinationals to disclose a breakdown of all countries in which their profits are made, where their taxes are paid and whether they are shifted elsewhere.

Read More

Tags: Legal, United Kingdom, Tax, EU

Briefing On The New EU Succession Regulation

Posted by Pearse Trust on Wednesday, Sep 03, 2014

The procedures and methods of administering estates can differ significantly across jurisdictions. A person’s estate may often include investments or property abroad. When it comes to the stage of administering the estate, cross border issues may arise in determining which succession law applies to that property. In this case private international law (“PIL”) rules apply.

These are also commonly known as “conflict of law” rules. These rules and procedures are often complex and ambiguous, and other jurisdictions may not always recognise or accept them. The EU Regulation on Succession Law (No 650/2012), also known as “Brussels IV” seeks to remedy many issues surrounding the application of EU member states applying their own PIL/conflict of law rules for succession purposes. 

Read More

Tags: Legal, EU

Disclosure Requirements For Company Websites

Posted by Pearse Trust on Monday, Jun 23, 2014

In a world where technology and the internet are essential to most businesses it is important to be aware of the disclosure requirements for company websites.  

Read More

Tags: Legal, EU, Website

The Google Decision – What It Means

Posted by Pearse Trust on Monday, Jun 02, 2014

The Complaint 

In 2009, a Spanish lawyer by the name of Mario Costeja complained that the results of a Google search of his name included links to legal notices dating back to 1998. The legal notices emanated from an online version of the Spanish newspaper and provided details of previous debt issues of Mr Costeja. Because the newspaper had posted these historical notices to its website, it was possible to continuously access them through the Google search engine. Mr Costeja asserted that the ongoing availability of these notices was a breach of his data protection rights. 

Read More

Tags: Legal, EU, Website

European Parliament Propose Tougher Disclosure Rules

Posted by Pearse Trust on Monday, May 26, 2014

The European Parliament and Council have reached an agreement to amend accounting legislation with a view to improving the corporate transparency in large organisations. The draft directive will be aimed at improving the transparency of environmental, social, and diversity policies within large organisations.

Read More

Tags: Legal, Corporate Governance, EU

The Rule Of Doctrine Of Renvoi Explained

Posted by Pearse Trust on Monday, May 12, 2014

The Doctrine of Renvoi is a legal doctrine which applies when a court is faced with a conflict of law and must consider the law of another state, referred to as private international law ("PIL") rules. This can apply when considering foreign issues arising in succession planning and in administering estates.

Read More

Tags: Legal, EU

Domicile, Habitual Residence & Nationality Explained In 2 Minutes

Posted by Pearse Trust on Wednesday, Apr 30, 2014

To establish which EU jurisdiction will be applicable to some legal matters, such as dealing with estates of those deceased, jurisdictions will look to elements such as “domicile”, “habitual residence” and “nationality”.

Read More

Tags: Legal, EU