As part of the Government’s drive to encourage transparency, a ban on the use of Corporate Directors will come into force this year as part of The Small Business, Enterprise and Employment Act 2015. From October 2016, all company directors will have to be ‘natural persons’ (ie human beings and not artificial legal persons such […]
From 6 April 2016, most UK companies and LLPs will be required to maintain a Register of People with Significant Control (a “PSC Register”). Significant control is defined as a person and/or entity owning more than 25% of the company’s shares or voting rights. From 30 June 2016, companies and LLP’s are required to file […]
Shortly before Christmas, the Government published a consultation document outlining its intention to make changes to the taxation of distributions to shareholder individuals made through a Members Voluntary Liquidation (MVL). The changes proposed would see much tighter restrictions on the ability of shareholders in close companies to use the MVL process to extract funds in […]
