Pearse Trust Blog



FRC Guidance On The Strategic Report - Overview

Posted by Pearse Trust on Wednesday, Jan 21, 2015


In June 2014, the Financial Reporting Council (“FRC”) in the UK published Guidance on the Strategic Report, a new reporting obligation established to provide investors with a greater understanding of how companies are run and their strategic direction.

The guidance has been issued in line with the FRC’s programme of work in respect of promoting clear and concise reporting to allow potential investors to establish their thoughts about the company’s performance, its current position and its future prospects.

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Tags: Corporate Governance, United Kingdom

Reforming The UK Patent Box Regime

Posted by Pearse Trust on Wednesday, Jan 14, 2015


Patent Box Regimes are deliberate government tax policies designed to encourage and promote innovation by providing tax concessions on worldwide income attributable to certain types of Intellectual Property (“IP”), subject to particular conditions.

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Tags: United Kingdom, Tax, Intellectual Property

UK Corporation Tax Payment Filing & Payment Dates

Posted by Pearse Trust on Wednesday, Jan 07, 2015


The purpose of this blog is to provide a summary of the UK corporation tax return filing dates and due dates related to the payment of corporation tax.

Filing Dates

A UK tax resident company is required to file a corporation tax return (CT600) for each Chargeable Accounting Period (“CAP”). There are detailed rules to determine the commencement and end of a chargeable accounting period.

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Tags: United Kingdom, Tax

Continuous Improvements To Ireland’s R&D Tax Credit

Posted by Pearse Trust on Wednesday, Dec 17, 2014


There have been continuous improvements to Ireland’s Research and Development (“R&D”) Tax Credit since its introduction in 2004.

The 2015 Budget also made a major amendment to the R&D Tax Credit. The 2003 “base year” will be removed entirely from 1 January 2015.

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Tags: Ireland, Tax, R&D

Identification Numbers Relevant To UK Companies

Posted by Pearse Trust on Wednesday, Dec 10, 2014


This blog provides an overview of the various numbers that are relevant to UK companies.

Company Registration Number

The Company Registration Number (“CRN”) is issued to a company’s registered office upon the successful registration of a company. 

This includes the following most commonly used entities:

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Tags: Legal, Incorporation, uk

RAK International Companies

Posted by Pearse Trust on Wednesday, Dec 03, 2014

 

An OECD white listed jurisdiction, Ras al Khaimah (‘RAK’) is the fourth largest of the seven emirates forming the United Arab Emirates (‘UAE’).

RAK launched an offshore facility regulated by the RAK Free Trade Zone (‘RAKFTZ’) Authority International Company Regulations in 2006, which allows for international business to be conducted free of local taxes and regulations. This particular model was based on the international business company regime model followed by the British Virgin Islands.

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Tags: Legal, Incorporation, UAE

The Impact Of The Criminal Justice Act 2013 On Irish Anti-Money Laundering

Posted by Pearse Trust on Wednesday, Nov 26, 2014

 

The 2013 Act, which amended the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (the “2010 Act”), was introduced to allow Ireland to cooperate further with the recommendations of the Financial Action Task Force (“FATF”) and to incorporate the State’s experience in the area since the introduction of the 2010 Act.

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Tags: Ireland, Anti-Money Laundering

New Zealand Tax System Rated Second Most Competitive

Posted by Pearse Trust on Wednesday, Nov 19, 2014

 

The Tax Foundation recently published its international tax competitiveness index (“ITCI”) which has ranked New Zealand as having the second most competitive tax system out of 34 OECD countries.

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Tags: Tax, New Zealand

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.

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Tags: Legal, EU, Anti-Money Laundering

UK Tax Competitiveness Review

Posted by Pearse Trust on Wednesday, Nov 05, 2014

 

The UK ‘Office of Tax Simplification (“OTS”) has recently published a review into the competitiveness of the UK’s tax administration.

The review involved the OTS speaking to a variety of interested parties including, amongst others, small and large businesses, tax advisors and various representative bodies.

Background

The brief behind this review was to examine how to improve the competitiveness of the UK’s tax administration, with particular regard to the 2014 World Bank’s ‘Paying Taxes’ report.

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Tags: Tax, uk