Corporate and Commercial

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Retail businesses need to be aware the standard rate of VAT on goods and services will once again revert to 17.5% from 1st January 2010. The timing of this change is far from ideal for retailers, as it falls in the middle of the busiest trading period of the year. There are a number of administrative issues for retail businesses to address before the increase comes into effect. From 1 January 2010 retailers should alter their VAT accounting processes so that they...

Iain Robinson of Slee Blackwell Solicitors explores Community Interest Companies, a new option for people setting up social enterprises. A not-for-profit enterprise such as a playgroup or community centre can already be constituted in a number of ways, but all the choices have drawbacks. Trusts and sole enterprises leave founders personally exposed if things go wrong, charities have to meet strict tests and bear a heavy regulatory burden, and the public, especially donors, are uneasy about the profit motive of a...

There are two major changes occurring as from 6 April 2008:- 1. It will no longer be necessary for private companies to have a company secretary. For existing companies wishing to dispense with a secretary the company will need to check its Articles of Association which may need to be amended. 2. The execution of deeds can now be undertaken by one director in the presence of a witness who must also sign the document. Companies must consider whether they wish one...