In February 2022, the Chartered Institute of Taxation (“CIT”) received clarification from HMRC in relation to their position on legislation relating to a company’s purchase of its own shares under section 1033 of the Corporation Tax Act 2010 (“CTA 2010”). In particular, HMRC have outlined their interpretation of the word ‘possesses’ in section 1062(2) CTA 2010 in instances where the purchase has multiple completion dates.
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This 60 minute webinar will take place at 10am on Tuesday 26th April 2022.
The session will focus on tips to ensure that your invoices are paid and some steps you can take to protect yourself and to recover outstanding debts.
The main topics that we plan to cover are:
The UK Government recently imposed sanctions on Russia in light of the ongoing crisis in Ukraine. Asset freezes have been imposed on a number of individuals and entities. More information on individuals and entities subject to an asset freeze (“designated persons”) can be found on the UK Government’s website: https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
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Melanie Morris
Melanie Morris joined Bermans in January 2015 as a Trainee Solicitor and qualified as a Solicitor in January 2017, becoming a Senior Associate in the Property team in January 2021.
Continue ReadingAs the World starts to open up again, we look at what you need to consider if your business has employees in other countries who are visiting the UK to work.
Business travel across borders, and even within them, pretty much stopped in 2020 and 2021 due to the Covid 19 pandemic. As travel restrictions are being lifted, businesses have the opportunity to allow employees to travel and international business travel is on the rise.
Employers need to take some time to refamiliarise themselves with the relevant rules around immigration and employment tax before they accept a visit from an overseas employee to ensure compliance.
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Pat Haver
Recent independent studies undertaken by the Legal Services Board and Xero convey a worrying and consistent theme that SME debt is a ticking time bomb.
UK SMEs are losing more than £40 Billion per year through disputes and have £131 Billion tied up in late payments. YouGov has reported that 82% of SMEs currently have outstanding balances with each firm owed an average £62,957.00.
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David Osrin
David Osrin is the Managing Director of Music Makers Business Development Consulting Ltd. He started the company in 2004 with the aim of providing business development support to professional and financial services firms. The company now specialises in a range of sales focused support services, including lead generation, coaching, outsourced sales director and consultancy work.
Continue ReadingEcommerce has seen remarkable growth over recent years, especially during lockdown, and is changing the landscape of how people buy and sell goods and services. The growth in ecommerce is shifting activity away from the high street to digital means, which in turn is changing the way businesses operate. In addition, the popularity of marketplace platforms, such as Amazon and Facebook, has made this growth even more noticeable.
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Becky Tsang
The National Security and Investment Act 2021 (the “Act”) came into force on 4 January 2022, giving the UK government an additional screening process on the grounds of national security.
The Act covers a broad range of transactions, requiring mandatory notification if it is connected to one of 17 key sectors.
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ACAS has issued updated guidance on dismissal and re-engagement, which can be accessed here.
What is dismissal and re-engagement?
Dismissal and re-engagement, also known as “fire and re-hire”, is a common (and legal) method that employers can utilise to implement changes to employees’ terms and conditions of employment. Where employees refuse to expressly agree to a change, or where employers do not have the contractual right to make changes, it is likely that terminating the existing contract on notice and offering continued employment on new terms is an employer’s best option.
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