In this second part of our blog series on UK Limited Companies, their uses and compliance requirements, we focus on the statutory requirements for UK Limited Companies as of September 2015.
Pearse Trust Blog
New Zealand comprises of two islands, it is very much a part of the ‘onshore’ world. As a respected OECD and FATF member, it is in the unique position of being a reputable onshore jurisdiction, whilst also offering various tax efficient vehicles, which are increasingly utilised for international tax planning.
The challenges faced by traditional offshore jurisdictions, combined with New Zealand’s tax laws and international reputation have made it a very attractive low-tax jurisdiction.Read More
First proposed by Chancellor of the Exchequer George Osborne in his 2014 Autumn Fiscal Statement, the United Kingdom’s new Diverted Profits Tax (DPT) is intended to counter the use of “aggressive” tax planning techniques utilised by large multinational enterprises to divert profits from the UK. The Diverted Profits Tax was included in Finance Act 2015 and went into effect on 1 April 2015.
A trust is a private legal arrangement whereby a settlor entrusts specified property and the legal ownership of it to another, known as the trustee. The trustee holds the property for the benefit of one or more beneficiaries. The trustee has a fiduciary obligation to act in the best interests of the beneficiaries and to be diligent in discharging the trust duties. The requirements for creating a trust are as set out below.Read More
Section 110 companies are Irish special purpose vehicles (SPVs) established as ‘qualifying companies’ under section 110 of the Irish Taxes Consolidation Act 1997 (as amended). Provided they meet certain conditions, such companies can conduct their activities and participate in financial transactions on a tax neutral basis.
The UK tax authority, HM Revenue and Customs (HMRC), has clarified important changes to the way businesses in the financial industry with operations within and outside the UK calculate value-added tax.
Companies which are resident in Ireland are chargeable to Irish Corporation Tax on their worldwide profits and capital gains. In order for such companies to comply with the filing and payment obligations under Irish tax law, all companies are required to file a Corporation Tax Return for each accounting period.Read More
The management of a deceased’s affairs can be a contentious issue. The way in which a deceased’s estate is distributed may divide a family, and disgruntled heirs may even feel compelled to contest a will in Court.
For a person seeking certainty that their affairs will be dealt with efficiently and in a manner that best reflects their personal wishes, they may wish to consider the use of an inter-vivos, or ‘living’ trust for succession planning purposes. This blog will provide a brief overview of the advantages of using an inter-vivos trust for succession or estate planning, and compare it with a testamentary trust.Read More
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.
In the first of a new series of blogs on UK Limited Companies, their uses and compliance requirements, we focus on the types of structures available to UK Limited Companies including their features and benefits.
Why The UK?
The UK has a strong tradition of attracting international businesses which are expanding their operations or wish to create a footprint in Europe.Read More