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Selling shares bought under employee option? Tax may be more than you think

Thu, 18 Jun 2009 00:00 GMT

If you sell shares bought before 10 April 2003 through employee share options - or you have recently sold such shares - your tax liability may have increased.

Carbon reduction scheme poses risks to business

Mon, 15 Jun 2009 00:00 GMT

Shoosmiths will host a free seminar to ease the fears of Thames Valley businesses concerned about risks posed by the Government's Carbon Reduction Commitment (CRC).

Buying commercial property at auction: Avoid the VAT trap

Thu, 11 Jun 2009 00:00 GMT

Buying commercial property at auction may seem an attractive proposition when there is a bargain to be had. But the joy of purchasing a property cheaply can be short-lived if it triggers an unexpected VAT liability.

Finance specialist Chris brings wealth of experience

Wed, 10 Jun 2009 00:00 GMT

Shoosmiths has boosted its corporate team with the recruitment of partner Chris McClure.

Advent of CQC means tougher healthcare regulation

Tue, 09 Jun 2009 00:00 GMT

The Care Quality Commission (CQC) came into effect in April 2009, and with it tougher healthcare regulation.

New Bill introduces corporate bribery offence

Thu, 14 May 2009 00:00 GMT

A new offence of corporate bribery is included in the Ministry of Justice's new Bribery Bill. It prompts the question: 'Do you know what your staff are doing when they enter into contracts and business relationships?'

Budget means cost hike for employee accommodation

Tue, 12 May 2009 00:00 GMT

Changes announced in the Budget mean businesses will pay more to provide accommodation for their employees.

Government takes 'big stick' to 20,000 organisations

Tue, 28 Apr 2009 00:00 GMT

The following is a briefing note for finance directors and company secretaries on the Government's forthcoming Carbon Reduction Commitment.

Budget 2009: Tax Summary

Thu, 23 Apr 2009 00:00 GMT

The Chancellor delivered the 2009 Budget on 22 April 2009. The following is a summary of the main points of interest.

HMRC backtracks on VAT bad debt relief claims

Thu, 09 Apr 2009 00:00 GMT

If one makes supplies of goods or services to a customer and is unfortunately not paid, which is perhaps more likely in the current economic climate, then it may be possible to claim relief from VAT on the bad debt or debts.

Shoosmiths arms Octopus with eighth deal advice

Tue, 07 Apr 2009 00:00 GMT

The Birmingham office of national law firm Shoosmiths has advised Octopus Ventures Limited (Octopus) on its eighth consecutive deal.

Directors urged to protect against liability

Thu, 19 Mar 2009 00:00 GMT

The codification of directors' duties under the Companies Act 2006 has brought directors' exposure to liability into sharp focus.

'Not waving, but drowning': Dealing with 'underwater' options

Mon, 09 Mar 2009 00:00 GMT

The worldwide recession has seen almost three quarters of FTSE 100 companies' employee share options slip 'underwater', according to recent research.

Distressed business buyers: Are there alternatives to asset sales?

Tue, 24 Feb 2009 00:00 GMT

This article discusses the use of a hive-down in the context of a distressed business purchase, and some of the bear traps awaiting the unwary.

Mother and daughter exit family firm after 23 years

Fri, 20 Feb 2009 00:00 GMT

Shoosmiths has helped the mother and daughter founders of a day care nursery chain sell their shares, 23 years after starting the business.

Businesses damaged as trade credit insurance is pulled

Fri, 20 Feb 2009 00:00 GMT

The issue of credit insurance remains high on the commercial agenda. And it continues to be reported that the withdrawal of trade credit insurance is disrupting supply chains and causing damage to businesses.

Pre-packs: So you think it's a TOGC?

Tue, 17 Feb 2009 00:00 GMT

Pre-pack administration sales - pre-packs - is the process by which the assets of a struggling company (Oldco) are transferred to a new company (Newco), before being sold by the administrator to new owners.

Pre-packs must be see-through

Tue, 20 Jan 2009 00:00 GMT

With effect from 1 January 2009, new rules require administrators to provide information to creditors on a range of detailed issues when carrying out a pre-pack sale in an administration.

Shoosmiths' Sean is Dealmaker of the Year

Fri, 16 Jan 2009 00:00 GMT

Sean Wright, head of Shoosmiths Corporate finance team in the South, has been named Dealmaker of the Year at the prestigious Solent Deals Awards.

OFT restates position on merger "failing firm" defence

Tue, 13 Jan 2009 00:00 GMT

As the credit crunch continues to bite and companies suffer the fall-out, the OFT has decided to publish a restatement of its position on the so-called "failing firm" merger defence.

Coke Cola ordered to change its name

Wed, 17 Dec 2008 00:00 GMT

Coke Cola Limited has been ordered to change its name by the Company Names Tribunal (CNT).

Shoosmiths is key ingredient in �3.5m dairy deal

Fri, 05 Dec 2008 00:00 GMT

Shoosmiths has helped an award-winning Midlands cheese maker strengthen its business.

Shelter from the storm - Directors' conflicts of interest

Thu, 04 Dec 2008 00:00 GMT

Directors' conflicts of interest - safe harbour provisions available under the Companies Act 2006

New VAT rate and property

Mon, 01 Dec 2008 00:00 GMT

The new VAT rate will affect all types of property transactions. After further guidance from HMRC on 25 November, tax partner Niall Murphy outlines some of the main implications of the changes.

Pre-budget report 2008 - tax issues

Tue, 25 Nov 2008 00:00 GMT

The Chancellor delivered the 2008 Pre-Budget Report yesterday (24 November 2008). The following is a summary of the main points:

HMRC confirms letting strategy is not abusive

Mon, 03 Nov 2008 00:00 GMT

Many house builders are finding they are unable to sell new dwellings in the current downturn, leaving them a stark choice.

New face of The Duke of Edinburgh's Award found at Shoosmiths

Thu, 30 Oct 2008 00:00 GMT

A solicitor from national law firm Shoosmiths has been selected by youth charity, The Duke of Edinburgh's Award (DofE) to become one of the faces of its new brand.

Guess who's coming to dinner: HMRC extends investigative powers in relation to compliance checks

Mon, 13 Oct 2008 00:00 GMT

Legislation has been introduced in Finance Act 2008 (Schedule 36) setting out compliance powers which HM Revenue and Customs (HMRC) considers necessary following the merger of Inland Revenue and HM Customs and Excise, in 2005.

Finance Act 2008 contains new residence rule

Mon, 13 Oct 2008 00:00 GMT

A new rule to determine whether a person is resident in the UK for tax purposes is contained in the Finance Act 2008.

Businesses urged to protect workers or face legal action

Mon, 06 Oct 2008 00:00 GMT

Businesses are being urged to protect their staff by carrying out workplace risk assessments - or face legal action.