Let’s Talk About Tax

Luke Thompson

Let’s talk about tax, more specifically, Stamp Duty Land Tax (SDLT).  Ben Franklin once wrote that in this world nothing is certain, except death and taxes. So before succumbing to the former, we all have to endure the latter. In this article we introduce the basic principles of SDLT. Although there are a lot of ...

What is Warranty and Indemnity Insurance and is it right for my deal?

Grant Edwards

What is Warranty and Indemnity Insurance (“W&II”)? In M&A transactions a buyer will require the seller to make certain statements about the business being sold (warranties) or require the seller to promise to pay the buyer for any liability resulting out of a particular circumstance (indemnities). The idea being that, if a warranty statement is ...

Confirmation Statements: Replacing the Annual Return

Ian Chambers

The Current Position Currently all limited companies must file annual returns with Companies House.  The Annual Return includes details of a company’s officers, registered address, shareholders and share capital. This information is filed annually despite the fact there may have been no changes. The Change In March 2015, the Small Business, Enterprise and Employment Act ...

Applicant with a conviction for murder – How do I handle it?

Patricia Rooney

Patricia Rooney of Tughans’ Employment Department discusses issues arising when a candidate for employment discloses a conviction for murder. Would you want this person representing your organisation or providing services?  Do you have to interview him/her? When an applicant discloses a conviction for murder, you should be aware that a custodial sentence of more than ...

Are you a creditor who has been forced into a dubious “voluntary arrangement”?

Kevin Gallagher

An individual voluntary arrangement (known as an “IVA”) is a formal agreement between an individual debtor and their creditors that the debtor will pay an agreed sum of money to their creditors, usually by instalments over a period of years, in full and final satisfaction of their debts.  An IVA is often proposed by an ...

Oral contracts: stronger than oak?

Kevin Gallagher

Have you ever made or wanted to rely on an informal verbal agreement but assumed that it could not be legally enforced? In the 1996 movie ‘Jerry Maguire’, Tom Cruise plays a professional sports agent whose world falls apart when the father of an American football prodigy, Frank Cushman, reneges on a purely verbal agreement ...

Social Media – How do I handle it?

Rachel Richardson

As part of our ‘How do I handle it’ series on employment law and difficult workplace scenarios, Rachel Richardson, Director at Tughans, considers the following problem and offers some practical advice. I am an HR manager and have found out that one of our employees has been sending offensive tweets about his manager from his ...

Consumer Credit and solar installations – a salutary tale

Maria O’Loan

A Northern Irish solar company has been fined £2,000 after a couple was mis-sold a system based on its financial returns. The case was brought against Blue Build Energy by the Trading Standards Service (TSS) after a couple complained that they had agreed the purchase of the system based on false information relating to the ...

Covert recordings of meetings by employees – How do I handle it?

Rachel Richardson

Rachel Richardson, Director, considers the following problem and offers some practical advice: I am an employer and recently held a disciplinary hearing with an employee, I suspect they were covertly recording the meeting on their phone. If this is correct and clearly they did this without our consent then presumably such evidence could not be ...

Last Orders – Where to Next?

Aaron Mulholland

With Easter 2016 now behind us, many will have noted the now annual outcry regarding Northern Ireland’s liquor licensing laws in the local press and media. Alcohol can only be served between 5pm and 11pm on Good Friday, pubs are required to stop serving alcohol at midnight on Thursday and Saturday, and on Easter Sunday ...