In the April 2003 Budget, the Chancellor of the Exchequer announced the introduction of the Child Trust Fund (CTF). The CTF is a savings and investment account for children. Children born on or after 1 September 2002 are eligible provided they live in...
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One common area of dispute between companies and the HM Revenue and Customs (HMRC) is that of deductibility of expenses. One of the hottest areas of dispute is often whether an expense is a trading expense (deductible as part of the day-to-day running costs...
Limited liability partnerships (LLPs) were first introduced in April 2001 and are becoming an increasingly popular way of structuring a business, especially with professional practices. The big advantage of the LLP is that it allows the liability of...
The courts have again shown that they will crack down on directors who put their own interests before their fiduciary duties as directors of the company, to the extent of causing it detriment. In the case of British Midland Tool Ltd. v Midland...
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