Tag Archives: United Kingdom

ILN Today Post

Has HMRC called time on Inheritance Tax planning?

Clients intending to carry out Inheritance Tax (IHT) planning in relation to their assets should consider completing their planning ahead of the 1 April 2018 changes to the DOTAS Regulations, as they apply to IHT.

The Disclosure of Tax Avoidance Schemes (DOTAS) regime is not new but, to date, its application to IHT has been relatively limited.  Not any more.  When it applies, the DOTAS regime requires advisers to notify HMRC of their client’s IHT planning and to provide their client with the number HMRC gives them for that planning.  Of course, this gives HMRC notice of the planning and an opportunity to investigate it, so not surprisingly some clients will be put off carrying out IHT planning if a DOTAS notification needs to be made to HMRC about it.

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ILN Today Post

Carillion creditors: urgent steps to protect your position

On 15 January 2018 Carillion PLC and a number of its subsidiary companies (Carillion) went into liquidation, with the High Court appointing the Official Receiver as liquidator and six partners of PWC as special managers.

Those clients who have contracts with Carillion or who are owed money may find the following guidance useful:

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ILN Today Post

Male bosses avoid being alone with women at work

The issue of sexual harassment in the workplace is very much in the news, following recent revelations about the mistreatment of women (in particular) in Hollywood, and now in the world of politics.

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ILN Today Post

Brexit and family law – the painful divorce?

Since the referendum on the UK’s membership of the European Union, commentators have regularly compared our departure from Europe to a couple divorcing. It is self-evident that some of the issues that will need to be addressed are similar; finances have to be sorted out, assets and liabilities must be divided, the “family” future must be determined and there is the thorny question of who can/will live where.

Within the UK we have three distinct jurisdictions: England and Wales, Scotland and Northern Ireland. Each has its own legal principles and jurisprudence in the field of family law (albeit with some commonality). Put this against the background of approximately 3 million EU citizens living in the UK and approximately 1 million British citizens living in other EU member states (never mind those British citizens who have married or who are in a cohabiting relationship with a non-Brit) and the issues to be discussed become much trickier.

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ILN Today Post

1 April 2018: an important day for more than just April Fools

April Fool’s Day 2018 will not just see the arrival of exceptionally crazy headlines in the tabloid press, but also the introduction of new rules governing the provision of Energy Performance Certificates (EPCs).  EPCs are already a feature of the residential market, and will from 1 April 2018 also begin having a substantial impact upon the commercial property market. While arguably well intentioned by the Government, with the aim of helping to improve the energy efficiency of buildings generally, the requirements will be onerous for landlords and developers of commercial property.

The regulations are lengthy and far reaching. Our handy Q&A below should help you to get a grip on the changes.

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ILN Today Post

Newsflash: 20% increase in planning application fees from 17 January

Long expected regulations to increase the fees for planning applications were made by the Government just before the Christmas break. The regulations increase the fees by approximately 20% for applications submitted from 17 January, so if you are about to submit an application it would sensible to do so by 16 January if possible. The regulations also introduce new fees for certain other applications, including those made necessary because the local authority has withdrawn a permitted development right by an article 4 direction or a planning condition.

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ILN Today Post

How to save tax like a duke

Using family trusts to save IHT is not just for the super-rich, but it does help to have had some well-advised ancestors…

No doubt you’ve read the press reports about the sixth Duke of Westminster who has arranged his financial affairs so that the bulk of his £9bn property portfolio passes to his son, Hugh, without having to pay much in the way of death duties.

So have you ever wondered how the very wealthy seem to pay little or no Inheritance Tax (IHT)?

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Suspension following disciplinary allegations: neutral act or breach of trust and confidence?

A number of Employment Tribunal and court decisions over recent years have examined the effect of suspending an employee in order to investigate disciplinary allegations.  The result is that suspension, which might once have been considered a neutral act necessary to allow an unimpeded investigation and/or to prevent a recurrence of acts of misconduct, has now become a hornet’s nest for litigation and a legal minefield for employers.

In this briefing Mike Tremeer will look at the most recent High Court case in this area, Agoreyo v London Borough of Lambeth, in which the suspension of a primary school teacher following disciplinary allegations made against her was sufficient in itself to give rise to her constructive dismissal and to form the basis for a breach of contract claim against the Borough.

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Funding the Belt and Road: The challenges of attracting private investment

After the ambition of the Beijing summit, back in May 2017, comes the reality of financing the Belt and Road initiative (BRI).  How might the risks of building and operating BRI schemes be spread and what will be the role for private investment?

Notwithstanding China’s substantial foreign currency reserves which are being made available for investment, the BRI is so vast in its ambition that China simply does not have the money to publicly fund all BRI schemes.  Furthermore, unless BRI risks are carefully spread, there could be real concerns about China’s return on investment and the ability of some countries with poor credit ratings to repay any BRI loans.

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Coty scents competition law victory for brand owners

In a much anticipated judgment, the European Court of Justice of the European Union (ECJ) has determined that EU competition law does not prevent luxury brands imposing restrictions on the use by distributors of third party e-commerce platforms. The judgment confirms the opinion expressed by the Advocate General to the court (see https://www.fladgate.com/2017/08/eu-general-court-opinion-delivers-boost-brands-selling-online/) that such restrictions can be permitted where they are necessary to preserve brand image.

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