The following Private Client practice note provides comprehensive and up to date legal information covering:
This Practice Note draws together analysis on the key milestones of the 2014–15 Budget and Finance Bill process. It includes commentary on the Autumn Statement 2014 and Budget 2015, analysis of the draft provisions of Finance Bill 2015 and commentary on the Finance Act 2015.
For a detailed explanation of the annual Budget and Finance Bill process, including the procedural aspects of the passing of a Finance Act, see: The Budget and Finance Bill process. For more information on the implications of a general election on the Finance Bill process, see our News Analysis: What does the general election mean for the Finance Bill process?
The draft Summer Finance Bill 2015 was published on 15 July 2015. Key information can be found in:
Draft Summer Finance Bill 2015 clauses and explanatory notes, and
Overview of Draft Summer Finance Bill 2015
Detailed analysis on key measures can be found in Summer Finance Bill 2015.
Following the Conservative's General Election victory in May, the Chancellor presented the first Budget of the new Conservative government on 8 July 2015. Analysis of the Summer Budget relevant to Private Client lawyers is as follows:
Lexis®PSL Private Client summary of the key personal tax announcements: Summer Budget 2015—Lexis®PSL Private Client analysis, and
expert commentary on the budget announcements from leading figures in the Private Client industry: The Summer Budget
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
When is quantum meruit and quantum valebat relevant?Claims in quantum meruit (value of services) and quantum valebat (value of goods) arise in diverse situations ranging from where contractual terms are silent on issues of payment to where there is no contract at all (Serck v Drake & Scull).General
This Practice Note looks at CE-File electronic working in the courts under CPR PD 51O, in the context of case management. It provides guidance on how to file a document electronically, deal with rejected electronic filings, issue a claim electronically, file electronic bundles (eBundles) for case
This practice note provides an introduction to tort law by addressing three questions:•what does the concept of being liable in tort mean? And how does tort relate to contract and criminal law•how has the law of tort developed?•what is the scope of tort, ie what interests does it protect? What
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