As part of its temporary measures to combat the effects of the Corona Virus on business, HMRC has agreed to defer VAT tax payments to aid cash flow. Know your rights to ensure you benefit: All businesses that are registered for UK VAT have the option to defer VAT payments due between 20 March 2020 […]
As the Corona Virus pandemic spreads, businesses in the UK are understandably concerned, with the government requiring the closure of all businesses where social gatherings take place, such as restaurants, pubs and gyms. Widespread travel bans, a fall in oil prices, and drop in trade demand globally has led to many employers in the travel, […]
Ranking of a creditor’s interest against land is crucial to the order of priority of distribution of assets in the event of a debtor’s insolvency. The statutory order of priority shall apply to how the insolvent’s assets are distributed to satisfy its creditors. The statutory Order of Priority is broadly in the following order: 1. […]
Entrepreneurs’ Relief reduces the amount of Capital Gains Tax (CGT) on a disposal of qualifying business assets on or after 6 April 2008, as long as you’ve met the qualifying conditions throughout a two-year qualifying period either up to the date of disposal or the date the business ceased. To claim Entrepreneurs’ Relief you have […]
To put it in simple words, an injunction is a court order to one or different parties that either refrains the person from doing something or requires him to do certain tasks. The sole purpose of issuing an injunction is to prohibit a certain party from performing activities that can cause irreparable harm to another […]
With Brexit playing out in Parliament before us and the question of deal or no deal looming, it pays to be prepared no matter what the outcome. Here are 10 steps that you can take to prepare for a no deal Brexit. 1. Check your website, domains and technology providers – do you use services […]
Ai Law has advised on the start-up of the new user-generated agricultural social media platform, EatFarmNow. www.eatfarmnow.com. EatFarmNow hosts a wide variety of topics and content that spans the big issues in the farming, food and agricultural industries today. Started by a collective team made up of agri-business advisors, journalists and PR and social media […]
Sometimes referred to as “clawback”, overage refers to a sum of money which may be due to a landowner following completion of the sale of land or property. Whether this money is paid will be dependent upon something occurring as agreed (for example, the property being sold for a price higher than a certain amount). […]
In an increasingly globalized world, and with an influx of foreign investment into the UK in recent times, it is important for UK based businesses to be aware of their VAT obligations when invoicing for supplies to customers outside of the EU. For an international law firm or any businesses with cross-jurisdictional operations, it is […]
Ai Law is happy to have acted for BIP Chemicals in their recent acquisition of a North West based flammable solvent recovery business, which has resulted in one of the largest single site solvent refinery plants in Europe with the largest capacity in UK. Mike Bennett, chief executive of BIP Organics has said: “This acquisition […]