IR35 rules now extended to private sector businesses

The IR35 rules were extended to cover all medium and large organisations in the private sector. Under the reforms these businesses are now responsible for determining whether their contractors fall inside or outside the scope of IR35, rather than the workers themselves.

Related briefings

CIMA announces private funds filing extension

The Cayman Islands Monetary Authority (CIMA) recently announced that the deadline for filing audited accounts and the requisite Annual Return Form in accordance with the Private Funds (Annual Returns) Regulations, 2021 has been extended to 30 September 2021.

Hard deadline for filing 2019 economic substance return upcoming on 30 April 2021

By Charlotte Cloete, Alan Dickson and Philippa Gilkes Relevant entities carrying on all types of relevant activity (except for those carrying on intellectual property business) under the International Tax Co-operation (Economic Substance) Act (2021 Revision) (“ES Act”) with a financial year end between 31 December 2019 – 30 April 2020, must file an economic substance […]

Bermuda – Economic Substance Declaration Filings – Update

The Economic Substance Act 2018 requires Bermuda-based entities that are carrying on a “relevant activity” in a relevant financial period and entities claiming “non-resident entity” status under the Act to file an Economic Substance Declaration Form with the Bermuda Registrar of Companies.

The DITC issues timely compliance reminders

The Cayman Islands Department for International Tax Cooperation (DITC) recently issued reminders to industry of compliance obligations in accordance with Common Reporting Standard (CRS) requirements and for the purposes of foreign account tax compliance (FATCA).

Latest Briefings

Sleep-in shifts not counted towards National Minimum Wage

Last week the Supreme Court decided to dismiss the latest appeal in the Royal Mencap Society v Tomlinson-Blake case and confirmed that time spent sleeping on site during a sleep-in shift will not count towards a care worker’s National Minimum Wage (NMW).

ESG in the social housing sector

In this podcast, Debra Cooper, Banking & Finance partner at Shoosmiths, chats with Marcos Navarro, a Director and Environmental, Social and Governance (ESG) Lead on the Housing Finance Team at NatWest, about their commitment to the social housing sector and why ESG is so important to them.

COVID-19 twelve months on in the workplace

This podcast reflects on and discusses some of the measures currently being considered by employers to keep their workplaces safe twelve months on from the start of the pandemic.

Investing in women

The webinar brought together our various communities to discuss the progress combatting the disparities that exist between female and male entrepreneurs, making entrepreneurship more accessible to women, increasing funding access for women to start and grow businesses as well as addressing broader societal issues and unconscious bias that have created barriers for women generally.

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Square Mile Heron Tower

Dechert and Squires at helm of €2bn fintech sale

A number of US firms have secured roles on the sale of fintech company Itiviti to Broadridge Financial Solutions for €2.14bn. Dechert led for Itiviti’s owners Nordic Capital, with a team steered by London corporate partners Ross Allardice and Mark Evans, along with senior associate Tony Brown. Itiviti, a capital markets product used by banks […]

One Blackfriars

High Court clears BDO of wrongdoing in £250m One Blackfriars battle

A bitterly contested dispute over a high-profile London landmark has come to an end after the High Court dismissed a £250m claim against Mayer Brown client BDO. A lengthy verdict from John Kimbell QC sided in favour of the accountancy firm after a five-week trial last summer, with the judge ruling that BDO did not […]

Shearman nabs Latham restructuring partner

Shearman & Sterling has hired a second lateral in its restructuring practice this week, this time from Latham & Watkins. The US firm has taken on London partner Helena Potts, who has worked in the London office of Latham & Watkins for nine years. She has a focus on restructurings involving defined benefit pension schemes […]

New senior partner for Fladgate

Fladgate has appointed a corporate lawyer as its new senior partner. Sunil Sheth took up the role on 1 April 2021, replacing Richard Reuben, who will remain with the firm in its real estate practice. Reuben seved three years in the role, although the job title has reverted from ‘chairman’ to ‘senior partner’ during his […]

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