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Briefing Notes

Islamic finance goes mainstream for UK property

Islamic property finance is becoming increasingly mainstream. City of London Law firm Druces specialises in Sharia complaint property finance. How do you ensure Sharia compliance and what services do you offer?  The market and demand for Sharia compliant structures has grown markedly in the last decade. Interestingly, demand for finance from Islamic finance institutions has […]

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‘Requirement to Correct’ deadline 30th September 2018 – Are you compliant?

HMRC introduced “Requirement to Correct” (“RTC”) legislation to encourage those with undeclared offshore tax liabilities (relating to Income Tax, Capital Gains Tax or Inheritance Tax) to disclose such liabilities before 30th September 2018. The deadline coincides with the date by which more than 100 countries will exchange data under the Common Reporting Standard (“CRS”). It […]

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Stretching TUPE to the limit: Colino Sigüenza v Ayuntamiento de Valladolid

The Court of Justice of the European Union (CJEU) has held that, contrary to the opinion of Advocate General Tanchev in December 2017, a gap of five months in an undertaking’s activities does not necessarily preclude a transfer for the purposes of the Acquired Rights Directive (2001/23/EC) (ARD). The Claimant, Mr. Sigüenza, worked as a […]

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TUPE application and insolvency

Anyone who has acquired a business as a going concern will be aware of The Transfer of Undertakings (Protection of Employment) Regulations 2006 (“TUPE”) and its far reaching application. TUPE legislation exists for good reason: to ensure automatic transfer of employment for employees when the business for which they are working is transferred. You cannot […]

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Adverse internet search results & the right to be forgotten 

Adverse internet search results based on an individual’s name can have a negative impact on their right to privacy and have damaging consequences whether that be personal, professional or both. It is not legitimate for search engines to return adverse results against individuals where the information is out of date, inaccurate, irrelevant or of no […]

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Immigration Update – Summer 2018

A number of changes to the Immigration Rules were set down in Parliament on 15 June 2018. The changes set out below came into effect on 6 July 2018. Changes to the Tier 2 cap for doctors and nurses The Home Office is removing the restriction on the number of doctors and nurses who can […]

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Property e-bulletin – Issue 4

We are pleased to bring you the fourth edition of Druces’ property e-bulletin. Aimed at a property professional/adviser readership, our intention is to bring you a regular collection of interesting recent property and planning focused news items.  The topics covered will be broad ranging, with each article a bite-sized consideration of some of the sector’s most topical […]

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Changes to the Taxation of Employment Termination Payments

From 6 April 2018, the question of whether or not a payment in lieu of notice (PILON) is contractual is no longer relevant for the availability of a £30,000 tax exemption. Any termination payments, including PILONs, will be subject to tax. Income Tax and National Insurance contributions will apply up to the amount of basic […]

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EU Approval for Enterprise Management Incentive (EMI)

EU state aid approval for the grant of EMI share options expired on 6 April 2018. HMRC has, therefore, advised companies to delay the grant of EMI share options on or after 7 April 2018 until the EU reaches a decision on renewing state aid approval for the EMI scheme. Whilst it is expected that […]

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