A win-win levy opportunity with a very short term window

With the change in insolvency risk assessor from Dun and Bradstreet to Experian, together with a change in methodology, as formally confirmed by the PPF yesterday in their 2015/16 determination, there will inevitably be winners and losers, despite the reduction in overall levy. PPF has acknowledged this, with 10% of risk-based levies expected to increase by £50,000.
 

Key issues when acquiring an energy and mining company - Part 3

Acquiring a business can be a complex, resource intensive and time consuming process, yet attaining the right business can generate substantial value. We have highlighted some key issues that should be taken into account when acquiring an energy and mining company. In the final of our three part series, we consider points 11 to 15:

AIFMD and MiFID Compatibility

Further to the implementation of the Alternative Investment Fund Managers Directive (AIFMD) in the UK, it has become apparent that some fund managers who have been granted authorisation as full scope UK AIFMs have encountered some difficulties in establishing the exact scope of permitted activities under the new permission profile.
 

VAT exemption for supplies by non-profit making sports clubs

HM Treasury has announced that the Value Added Tax (Sport) Order 2014 (SI 2014/3185) will come into force from 1 January 2015. It will amend the VAT Act to reflect HMRC’s change of policy following the judgment of the Court of Justice of the European Union (CJEU) in Bridport & West Dorset Golf Club (Case C-495/12) (Bridport). This follows Revenue & Customs' Brief 25/14, which explained the implications of the CJEU’s judgment in the Bridport case, and confirming that UK legislation would be amended.
 

Key issues when acquiring an energy and mining company – Part 2

Acquiring a business can be a complex, resource intensive and time consuming process, yet attaining the right business can generate substantial value. We have highlighted some key issues that should be taken into account when acquiring an energy and mining company. In part two of our three part series, we consider points 6 to 10:
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