On 11 November, the Office of Tax Simplification (OTS) published the first part of its report into simplifying the design of Capital Gains Tax (CGT). Rather than simplify the operation of CGT, many of the recommendations in the report seek to radically overhaul CGT and provide a potentially significant source of tax revenue for the […]
Fladgate has advised Bridford Investments Limited in its capacity as lead investor in the recent equity capital fundraise by Meatless Farm Limited. The £24m fundraise was conducted by way of a private placement of shares to fund the further global expansion of the Meatless Farm group and further development of its product range. The Meatless […]
The Government’s election promise to introduce a Stamp Duty Land Tax (SDLT) surcharge for non-resident purchasers will shortly take effect. From 1 April 2021, non-residents will be liable to an additional 2% SDLT on purchases of residential property in England and Northern Ireland. This surcharge will be payable in addition to existing SDLT liabilities, including […]
Fladgate LLP has advised E3 Wind Limited on its acquisition of a Special Purpose Vehicle (SPV) which owns a wind farm in Scotland and benefits from the Feed-In Tariff Scheme The Fladgate team, led by Sam Tye, assisted E3 Wind with obtaining the necessary change of control consents, agreeing transaction documentation, amendments to existing facility […]
The Good? With the economic impact of COVID-19 likely to be felt for many months (and perhaps years) to come, companies may look to alternative methods of remuneration as a way to incentivise key members of staff. Share schemes offer an efficient way of rewarding employees without companies having to make cash payments, and with […]
Fladgate LLP has advised Zouk Capital, the manager of the UK Treasury’s Charging Infrastructure Investment Fund (CIIF), on CIIF’s joint venture with multinational telecommunications company Liberty Global (to be called Liberty Charge) which will roll out on-street residential electric vehicle charging points in the UK. CIIF is the dedicated fund established by the UK Government […]
With international travel almost a distant memory and quarantine measures implemented across the globe, directors of non-UK companies who are currently in the UK may need to take steps to ensure they do not accidentally expose the non-UK company to UK corporation tax. The UK’s corporate residency rules mean that if a non-UK company is […]
As the UK ramps-up its response to COVID-19, with the government now advising that anyone displaying symptoms of a high fever or continuous cough self-isolate for 14 days (along with each member of their household), significant economic repercussions are almost but inevitable. In last week’s Budget the Chancellor pledged to help small and medium sized […]
Thursday 12 December will see the British public travel to polling stations to cast their vote for the next general election. Tax partner Neal Todd and tax associate Gemma Grunewald outline each of the leading parties’ key tax proposals detailed in their respective manifestos. To view the tax summary, please click here. For more information, […]
Fladgate has advised Schumacher Packaging Group, one of the largest family-run manufacturers of packaging solutions made from corrugated board and solid board, on its acquisition of Midlands headquartered and family-managed Jaffabox Ltd. The takeover is the latest strategic step the Germany based group has taken as the business continues to expand. The acquisition represents Schumacher’s […]
Fladgate acted for global venture capital firm 83North and early-stage fund Marathon Venture Capital in a $7.5M Series A fundraising in Lenses.io, a London based DataOps leader, to accelerate its product development and scale operations in Europe and the US to meet growing international demand. Laurel Bowden, Partner at 83North said, “Data is the fuel […]
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