If you are self-employed and/or run a business, tax is probably something your tax adviser (often your accountant or independent financial adviser) helps you with. Tax advisers should, and usually do, help you to find the best tax products for your business, i.e. those that will limit the tax you pay while ensuring that any… Read more »
Article Category: Dispute Resolution – Insight & Opinion
Full and final settlement: what should creditors be aware of when receiving a payment?
A debtor may sometimes try to settle a debt for less than the full amount that is due by informing the creditor that the payment is made “in full and final settlement”. This can often put a creditor somewhere between a rock and a hard place – does the creditor keep the part payment and… Read more »
The Royal Bank of Scotland Plc ring-fencing transfer scheme
What has happened at the Royal Bank of Scotland? Ahead of the January 2019 deadline the Royal Bank of Scotland Plc has made changes to its structure, to comply with the UK ring-fencing legislation. The ring-fencing legislation requires each large UK bank to separate their core retail banking services (such as current and savings accounts)… Read more »
The Consumer Rights Act 2015: What businesses should be aware of?
The Consumer Rights Act 2015 offers protection to consumers when they enter into contracts for the supply of goods, services and digital content. It also offers protection in relation to unfair terms in a contract. As a business owner, it’s important to make sure you’re aware of the ins and outs of the Consumer Rights… Read more »
Greater access to the Financial Ombudsman Service: What this means for SMEs
On 16 October 2018, the Financial Conduct Authority (FCA) published ‘near-final’ rules confirming its intention to extend access to the Financial Ombudsman Service (FOS) to more small and medium-sized enterprises (SMEs). What does this mean for SMEs? Currently, the FOS only accepts complaints from “micro-enterprises”, which covers those businesses with an annual turnover of up… Read more »
Independence Of Regulators: Are They Truly Independent?
The independence of regulators is often called into question with many wondering, how independent are disciplinary and arbitration panel’s when they are appointed, trained and retained largely at the discretion of the governing bodies? And, is there a case for regulators to make it clearer to those under investigation that the decision-making panel or tribunal… Read more »
How Do I End A Residential Tenancy? Important Tips & Pitfalls To Avoid
I am often approached by Landlords with questions as to how to end their tenancy or lease. Set out below are the key points Landlords needs to be aware of and the pitfalls to avoid when considering ending a residential tenancy or lease. Methods of ending a residential tenancy: Tenants quite often will reside in… Read more »
RBS Global Restructuring Group (GRG) Unit: Is Your Business Affected?
If your business was with RBS bank prior to 2013, it could be eligible to make a claim, if it was placed into their Global Restructuring Group (GRG). Did your business bank with RBS prior to 2013? A number of companies will not even be aware that they were in the GRG unit so any… Read more »
Debt Recovery: What Are My Pre-Action Obligations?
Unfortunately, many of us will often find ourselves in the situation where we are owed money. One way to resolve this is to take Court action. However, if you do not comply with your pre-action obligations before going to Court, this can result in sanctions being imposed. So, it is vital to know what these… Read more »
Disputes Over Payments: How Can You Prevent And Resolve Them?
It doesn’t matter how busy your business is if customers are not paying for goods and services supplied in accordance with the agreed terms. After all, we all know that when it comes to business cash is king. How can you take steps to minimise the risk of your business’ growth and profitability being damaged… Read more »
