The Small Business Enterprise and Employment Bill received its first reading in Parliament on the 25 June 2014. The Bill aims to progress a number of Government commitments intended to further the UK’s reputation as a trusted and fair place to do business, and also to improve new opportunities for small businesses to operate and compete.
Tags: Legal, Incorporation, United Kingdom
Lord Davies’ Annual Report 2014 on Women on Boards indicates that further progress has been made with regards to the increase of female representation at board level for listed companies in the UK.
UK resident companies may be used for the purposes of exploiting and receiving overseas royalties in a tax efficient manner.
Tags: United Kingdom, Tax, Royalty Company
The Bank of England has provided its backing for the formation of a new professional body called the Banking Standards Review Council (“BSRC”) which will monitor banking standards in the UK banking sector.
In the normal course of business, a company will be required to issue and execute many documents throughout its lifetime.
Tags: Legal, United Kingdom, Accounting
The controlled foreign company (“CFC”) rules are essentially anti-avoidance measures with the designed purpose to prevent a company from artificially moving its profits overseas to a country with more favourable tax rates. The CFC rules apply to accounting periods beginning on or after 1 January 2013.
Tags: Legal, United Kingdom, Tax
Since October 2012, a government scheme is being implemented to enrol every worker who meets the eligibility criteria into a workplace pension. Eligible workers are all employees aged between 22 and state pension age and earn more than the minimum earnings threshold set at £10,000 for 2014/15.
Tags: United Kingdom, Economy, Pensions
AIM (originally known as the “Alternative Investment Market”) is the London Stock Exchange’s international market for smaller growing companies. A wide range of businesses including early stage, venture capital backed, as well as more established companies join AIM seeking access to growth capital.
Tags: United Kingdom, Investment, Shares
Since our July 2013 blog post “UK Calling on Crown Dependencies for Support in Addressing Tax Avoidance”, there have been many developments on the Mutual Assistance in Tax Matters Act. This blog highlights the guidelines ready for implementation and some of their possible implications.
Tags: United Kingdom, Tax
A charge is a security interest for the payment of money or performance of a legal obligation.
