Handling VAT collection for digital businesses

Handling VAT collection for digital businesses changed as of 01 January 2015.

As from the 01 January 2015 handling vat collection for digital businesses will change. The rules for taxing the supply of telecommunications, broadcasting and electronically supplied services to consumers (TBES) will change. The “place of supply” for VAT purposes used to be the jurisdiction in which the supplier business was established, usually resides or belongs. From tomorrow, VAT will now be due and collected on digital goods and services in the member state in which the consumer resides.

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Loan agreements

We receive several enquiries a week regarding disputes relating to loan agreements between individuals, individuals with companies and companies lending to companies. In virtually all enquiries, the dispute centres on repayment of all or part of the loan. This article sets out nine tips when raising finance by way of a loan. It is just a heads up that getting a loan agreement right is not that simple. If you follow these nine tips you can avoid bitter disputes regarding repayment. The focus is primarily on a private company raising debt finance secured on its shares but some of the tips concern loans generally.

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Enterprise Investment Schemes

Enterprise Investment Schemes – a basic guide is an article to explain the variety of generous income and capital gains tax reliefs to investors on the issue of new shares in small rapid growth unquoted stocks.

This article is – Enterprise Investment Schemes – A Basic Guide – therefore it is not a detailed analyses of the various schemes and tax breaks, for that you need to get professional advice. It seeks to give a basic understanding of the EIS and only covers shares issued on or after 06 April 2009 up to 2014. Additionally, you should be aware that the rules for EIS are subject to change so professional advice is required for the latest applicable reliefs and legislation.

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Private equity investment

Private equity investment is where a company seeks to bring in new outside investors by issuing new shares. Note that this is different from a transfer of existing shares. The procedure is called an allotment of shares. This is because there is first a letter from the proposed investor applying to buy the shares. The shares are then “allotted” or “allocated” to that shareholder. When the investor’s details are entered into the register of members they are issued with the shares and are shareholders. They then get a share certificate.

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