Finance Bill 2007-8
Thursday, 27th March 2008
The Finance Bill has been published. It can be found here.
Revenue & Customs Brief 18/08
Thursday, 27th March 2008
HMRC have issued important news for Trust or Company Service Providers (TCSPs) about changes to Registration Guidance and when to register with them. Read more
Charities Act 2006 (Commencement No 3, Transitional Provisions and Savings) Order 2008
Tuesday, 25th March 2008
2008 No 751
An order has been made in exercise of the powers conferred by section 79(2) and (3), bringing into force certain sections of the Charities Act 2006. The following provisions are affected: Read more
Stow v Stow
Sunday, 16th March 2008
[2008] All ER (D) 218 (Mar); [2008] EWHC 495 (Ch); 14 March 2008; Chancery Division; Warren J
Assets were settled by A but the Revenue contended that the settlement was a sham and the assets had been provided by D, who had died and was the settlor for tax purposes. The Revenue issued notices of determination in respect of the pre-settlement ownership of the settled assets and the trustees appealed against it. Because of potential claims against the estate, the trustees of the settlement issued proceedings seeking a declaration as to ownership. Read more
NBPF Pension Trustees Ltd v Warnock-Smith
Sunday, 16th March 2008
[2008] All ER (D) 203 (Mar); [2008] EWHC 455 (Ch); 14 March 2008; Chancery Division; Floyd J
The trustees of pension schemes wished to distribute surplus funds on the winding up of the schemes. They applied to the court for directions as to the distributions, seeking authority to do so under section 57(1) of the Trustee Act 1925 and for guidance concerning insurance in respect of untraced or unknown beneficiaries. Read more
Cooper v PRG Powerhouse Ltd (in creditors’ voluntary liquidation)
Sunday, 16th March 2008
[2008] All ER (D) 211 (Mar); [2008] EWHC 498 (Ch); 14th March 2008; Chancery Division; Evans-Lombe J
The applicant paid money to the company on the basis that the money would be paid on to another company. The company then entered into administration and the money was never paid on. Read more
