Pearse Trust Blog

Payment of Dividends by a UK Limited Company

Posted by Pearse Trust on Monday, Oct 24, 2016

In this blog, we will discuss the process involved in paying a dividend to a shareholder and discuss the two most common types of dividend; final and interim dividends. 

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Tags: Shares, UK

Budget 2017 - Ireland Remains An Ideal Location For Business

Posted by Pearse Trust on Monday, Oct 17, 2016

On 11 October 2016, the Minister for Finance Michael Noonan, delivered Ireland’s Budget for 2017 and also provided an “Update on Ireland’s International Tax Strategy”.

The favourable provisions introduced in the Budget and as outlined in the Update on Ireland’s International Tax Strategy:

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Tags: Ireland, Tax, Economy

5 Reasons To Incorporate Your Business In Northern Ireland

Posted by Pearse Trust on Wednesday, Oct 12, 2016


Are you unsure if you need to form an official business structure for your company?

Choosing your business structure might be one of the most important decisions that you will face. Incorporation protects your personal assets, enables you to access tax advantages and grow business

Below are 5 top reasons to incorporate your business in Northern Ireland.

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Tags: Incorporation, UK

Corporate Websites: Statutory Requirements in the UK

Posted by Pearse Trust on Monday, Oct 10, 2016

When a client or member of the public wants to find more information on a company, generally speaking, their first course of action is to check the company’s website.

Therefore, it is important they have an operational website and one which complies with company law.

In this blog, we will discuss the statutory requirements for UK Companies with regards to corporate websites and the benefits of having same.

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Tags: Corporate Governance, UK

Inefficient Corporation Tax In The UK

Posted by Pearse Trust on Wednesday, Oct 05, 2016

The Institute for Economic Affairs (‘IEA’), a free-market research group, has published a report calling for the UK Government to abolish ‘hugely inefficient’ corporation tax and replace it with a levy on earnings distributed to shareholders.

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Tags: Tax, UK

The Common Reporting Standard – The Global FATCA

Posted by Pearse Trust on Monday, Oct 03, 2016

Financial advisers, banks and Americans with foreign income will doubtless be all too aware of FATCA, America’s controversial international tax enforcement program.

But it is an idea that has caught on globally. Enter the Common Reporting Standard (CRS), the global FATCA.

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Memorandum of Wishes – Key Considerations for Settlors and Trustees

Posted by Pearse Trust on Wednesday, Sep 28, 2016

A memorandum of wishes, also referred to as a letter of wishes, is a private document in which a settlor of a trust conveys their wishes to the trustee. This can relate to the treatment of trust fund, beneficiaries or other trust matters.

There are advantages for both the settlor and trustee in creating a Memorandum of Wishes. It allows the settlor to share his personal thoughts and perspective on the trust in writing.

It can be very helpful for trustees, during the lifetime and after the death of the settlor, as it gives the trustee a greater understanding of the settlor’s intentions.

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Tags: Legal, Trusts

Benefits of Effective Governance and Compliance

Posted by Pearse Trust on Monday, Sep 26, 2016

Compliance within the Financial Services industry has in recent years become one of the most important and relentlessly developing areas.

In the last eight years a surge of new regulations has emerged across the Global Financial Sector, as has been seen with the introduction of legislation such as the 2010 Foreign Account Tax Compliance Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act in the United States, and the impending enhanced cross border scrutiny and controls that will accompany the European Union’s Regulation on Markets in Financial Instruments (MiFIR). 

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Tags: Corporate Governance, Tax, compliance

Factors to Consider Before Accepting a Trusteeship

Posted by Pearse Trust on Wednesday, Sep 21, 2016

Accepting a request to act as the trustee of a trust is an important decision, one which requires careful review of the duties and responsibilities a trustee will take on.  

A decision to accept the trusteeship of a trust should not be accepted blindly.  Under the case law of most jurisdictions, no one can be compelled to act as a trustee.  

This blog examines some of the factors that should be considered before accepting a trusteeship. 

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Tags: Legal, Trusts

Dividends - Who Gets Paid And Why?

Posted by Pearse Trust on Monday, Sep 19, 2016

A dividend is a distribution to the shareholders of a company based upon the number and type of shares that they hold.  

Dividends are voluntary in the sense that there is no legal obligation for a company to pay a dividend, unless otherwise stated in the company’s constitution. 

A dividend must be paid from the distributable profits of the company and depending on the type of dividend it will be declared at a general meeting of the company or by a resolution of the directors. Once a dividend has been declared it is due and payable.

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Tags: Ireland, Tax