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Blake Lapthorn recently advised Quindell Portfolio on the tax implications of its reverse takeover of Mission Capital. Team head Simon Court is ‘quick to understand difficult issues’. Clients include a multinational company and an equity investment fund.

At Penningtons Solicitors LLP, practice head Sarah Cardew has ‘excellent technical knowledge’ in VAT, stamp duty land tax and leisure sector issues, and leads a ‘friendly, approachable team’. Clients include Aviva, Sodexo and CMS Developments.

At Shoosmiths, practice head Niall Murphy provides ‘excellent, tailored advice, backed up well by his team’. Highlights included advising Ageas on the tax liability aspects of its acquisition of Castle Cover , and EMI on a share option scheme.

Stevens & Bolton LLP’s expertise encompasses share schemes, exit tax planning and advice to entrepeneurs. Practice head Kate Schmit advised the selling shareholders of VADition Ltd on their exit strategy.

Ronan Lowney now provides the majority of Bond Pearce LLP’s tax advice following the move of senior consultant Brian Garner to Michelmores LLP. Highlights included advising Renewable Energy Systems on the sale of three wind farms.

Associate Philippa Roles leads Field Seymour Parkes LLP’s corporate tax practice. In 2011 she advised a US company on a stock option plan for its UK employees, and advised on the tax aspects of a demerger leading to a s110 liquidation.

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Legal Developments in South East for Corporate tax

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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