In 2002 Becker was charged and convicted of tax evasion by Munich District Court after pleading guilty to evading about 1.7m euros tax by claiming to live in Monte Carlo at a time when his main residence was in Munich.
More recently, on 21 June 2017, Becker was declared bankrupt by the High Court following a petition from private bank Arbuthnot Latham presented against him on 28 April 2017 after Becker defaulted on loan repayments for a loan of circa £3.5m for a property in Mallorca.
Late March saw the end of some long-standing temporary changes in the law due to COVID-19, and the introduction of some new ones! Commercial landlords and tenants are affected.
From early in the first lockdown in 2020, commercial landlords were banned from exercising most of the usual remedies available to them to enforce rent arrears that fell due during the period of the pandemic, as a measure to protect tenant businesses.
Intellectual property rights are valuable assets of your business and it is important that you take steps to protect them. You can do this by registering your rights and ensuring that anyone infringing those rights is stopped as soon as possible.
In February 2022, the Chartered Institute of Taxation (“CIT”) received clarification from HMRC in relation to their position on legislation relating to a company’s purchase of its own shares under section 1033 of the Corporation Tax Act 2010 (“CTA 2010”). In particular, HMRC have outlined their interpretation of the word ‘possesses’ in section 1062(2) CTA 2010 in instances where the purchase has multiple completion dates.
The UK Government recently imposed sanctions on Russia in light of the ongoing crisis in Ukraine. Asset freezes have been imposed on a number of individuals and entities. More information on individuals and entities subject to an asset freeze (“designated persons”) can be found on the UK Government’s website: https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
Melanie Morris joined Bermans in January 2015 as a Trainee Solicitor and qualified as a Solicitor in January 2017, becoming a Senior Associate in the Property team in January 2021.
As the World starts to open up again, we look at what you need to consider if your business has employees in other countries who are visiting the UK to work.
Business travel across borders, and even within them, pretty much stopped in 2020 and 2021 due to the Covid 19 pandemic. As travel restrictions are being lifted, businesses have the opportunity to allow employees to travel and international business travel is on the rise.
Employers need to take some time to refamiliarise themselves with the relevant rules around immigration and employment tax before they accept a visit from an overseas employee to ensure compliance.
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Robert Maddocks, qualified as Solicitor in 2008 and joined Bermans in July 2019 as a Senior Associate in the Employment team.
