Background  LLPs were introduced in 2000 and quicky gained in popularity with owner-managed professional services firms, such as accountants, lawyers and asset managers, due to the combination of flexibility and limited liability status that the structure offered. A key feature is the transparency of tax and partners are classified as self-employed. This view was supported […]

Equipmake PLC announces its successful placing of £10m and admission to trading on Aquis.

On 1 August 2022 Companies House intends to launch the new Register of Overseas Entities, a digital service in which entities and their agents are required to register all beneficial ownership online.

We have recently seen an increase in HMRC issuing ‘One to Many’ communications, commonly known as ‘nudge letters’, in addition to the normal compliance activity. Nudge letters usually state that HMRC holds information on the individual and are used to encourage taxpayers to review their tax affairs. Should you have any matters to disclose to HMRC, we strongly recommend approaching them before such communication is received.

The Supreme Court published their long-awaited decision yesterday (20 July 2022) regarding the Harpur Trust v Brazel holiday pay case. The Supreme Court upheld the decision of the Court of Appeal. The outcome is that the holiday pay entitlement of workers who work only part of the year but are engaged under a permanent contract […]

LifeSafe Holdings plc (LifeSafe) announces its successful placing of £3m and admission to trading on AIM.