When Is Share Capital Not Share Capital?

The Upper Tribunal (UT) has allowed an appeal by HM Revenue & Customs in a case concerning the meaning of “ordinary share capital”. The decision has important implications not only for entrepreneurs’ relief, but also for tax-advantaged share schemes, enterprise investment schemes and seed enterprise investment schemes Continue Reading →

Red Tape or Sensible Protections

The Government has published its response to the consultation launched by its Green Paper on corporate governance (published in November 2016). There has been widespread coverage of the Government’s response in the media, but the focus of this attention has been the likely impact on listed companies. The Government’s proposals do, however, extend to private companies…… Continue Reading →