A SAYE scheme is a type of tax-advantaged employee share scheme that meets the requirements of Schedule 3 of ITEPA 2003 under which participants are granted a tax-efficient share option and are required to enter into a linked savings arrangement with a bank or building society.

Introduction This legal due diligence questionnaire relates to the proposed purchase by [insert buyer name] (the Buyer) of the entire issued share capital of [insert name of target company] incorporated in England and Wales under number [insert company number] (the Company) (the Proposed Acquisition). This questionnaire is designed to enable the Buyer, the Buyer's solicitors and other professional advisers involved in the Proposed Acquisition to obtain the information which the Buyer requires in relation to the Company’s sharesave or save as you earn (SAYE) scheme to assist in its valuation of the Company and assessment of the risks associated with the Company’s SAYE scheme. Please answer every question fully. Please provide your answers in italics underneath each question and provide copies of all relevant documentation, ensuring that all answers and documents are clearly marked by reference to the appropriate paragraph of this questionnaire. We reserve the right to raise further enquiries in respect of both your responses to this questionnaire and generally. Definitions Group • means the Company and each of the Subsidiaries and Group Company means any of them; ITEPA • means

In order to grant save as you earn (SAYE) options, numerous requirements must be met at the time the options are granted, including in relation to: • the company granting the options • the employees being granted the options • the shares being placed under option • the options themselves, and • the SAYE scheme itself This Flowchart focuses on the conditions that must be met

A save as you earn (SAYE) scheme is a type of tax-advantaged employee share scheme under which participants are granted a tax-efficient share option and are required to enter into a linked savings arrangement with a bank or building society. Other names for 'SAYE schemes' are 'sharesave schemes' or 'savings-related share option schemes'. The legislation relating to SAYE schemes sets out numerous requirements that must

Law360: HM Revenue and Customs (HMRC) has warned people to delay claiming their pensions until after 6 April 2024 when the lifetime allowance is abolished, while the government clarifies technical changes to the legislation.

A component of pension credit which provides additional support for those aged 65 and over with income above the Savings Credit Threshold.

The types of income chargeable to tax as 'savings and investment income' include: • interest, being income chargeable under ITTOIA 2005, ss 369–381 • purchased life annuities, being income chargeable under ITTOIA 2005, ss 422–426 • deeply discounted securities (DDS), being income chargeable under ITTOIA 2005, ss 427–460 • income chargeable under the accrued income scheme • chargeable event gains on life policies on which an individual (or personal representatives of a deceased individual) is liable to income tax This Practice Note focuses mainly on the income tax treatment of interest as the main type of savings income. Income chargeable under the accrued income scheme is also covered. Interest can best be thought of as compensation for the use (or retention) by one person of a sum of money which belongs to another. Therefore, in order for a payment to be interest there must be a principal sum on which the interest is calculated and both amounts (the principal and the interest) must be due to the same person. The most common forms

Purpose of a scaffold licence A scaffold licence is normally required where a contractor needs to erect scaffolding for the purposes of its works on land belonging to a third party (ie not on its employer’s land). No scaffold licence is required if all the contractor’s scaffolding is within the boundaries of its site or otherwise on the employer’s land. Without a scaffold licence, the contractor will be trespassing if it erects its scaffolding on land belonging to a third party. The contractor needs to establish who owns the land that it needs to erect its scaffolding on. More than one scaffold licence will be needed if the scaffolding needs to be erected across several boundaries. If a contractor is carrying out works for a tenant who occupies only part of a piece of land or a property, the contractor will need to obtain a scaffold licence from the landlord to erect scaffolding outside the tenant’s demise. Format of a scaffold licence A scaffold licence is usually a relatively simple document. It is typically sent, in the form of a

Scaffold licence [to be typed on the headed paper of the Licensor and prepared in duplicate] To: [insert name of Licensee] of: [insert address of Licensee] Date: [insert date] Dear [insert name of Licensee] Licence to use scaffolding at [insert brief description of Licensor’s property] [In consideration of one pound (£1) (receipt of which [I OR we] acknowledge)] [I OR [name of Licensor]] agree to grant [name of Licensee] a licence for scaffolding to be used in

SCAFFOLD licence—Long form Permitting scaffold to be erected in relation to the Works at [insert] This Deed is made on [date] Parties 1 [insert name of licensee] (company registration number [insert]) whose registered office is at [insert] ('Licensee'); [and] 2 [insert name of licensor] (company registration number [insert]) whose registered office is at [insert] (‘Licensor')[; and OR .] 3 [[insert name of developer] (company registration number [insert]) whose registered office is at [insert] ('Developer')[; and OR .] ] 4 [[insert name of tenant] (company registration number [insert]) whose registered office is at [insert] ('Tenant').] Recitals (A) The Developer has engaged the licensee to carry out the Works at the Site. (B) The Licensor is the registered proprietor of the Affected Property[ and the Tenant is the tenant of the Affected Property under a lease granted by the Licensor]. (C) In connection with the Works the Licensee proposes to erect, use and maintain the Scaffolding on the Affected Property. (D) The Licensor [and the Tenant] [has OR have] agreed, on the terms and subject to the conditions set out in this Agreement, to authorise the Licensee to erect, use and retain the Scaffolding on the Affected Property.

The revenue streams for a storage project will depend on the relevant electricity market, technology, project size and whether the project is applied ‘behind’ the meter to serve the needs of a specific site or connected to the grid. Storage is typically able to capture value in some or all of the following ways: • the provision of grid services (frequency response, Capacity Market revenues, demand-side response) • market price arbitrage, • the smoothing of generation output and avoidance of imbalance costs in a hybrid project where an underlying (and typically intermittent) electricity generation facility is co-located with a storage facility These forms of revenue are all explained in more detail below. Investors will want the flexibility to ‘stack’ (ie combine) revenues, perhaps relying on different income sources at different times of day or year, while debt financiers will be looking for a longer-term base contracted revenue-stream to under-pin the debt repayment and/or assessing the management experience and creditworthiness of the corporate entity. In Great Britain (GB), despite

The National Crime Agency (NCA) has announced that Thalha Jubair, from East London, and Owen Flowers, from Walsall, West Midlands, both leading members of the Scattered Spider cybercriminal collective, were each sentenced to five years and six months imprisonment on 16 July 2026 at Woolwich Crown Court. Both pleaded guilty on 22 June 2026 to hacking Transport for London's (TfL) network between 31 August 2024 and 3 September 2024, in only the second UK prosecution under section 3ZA of the Computer Misuse Act 1990. The individuals were arrested on 16 September 2024 by the NCA and City of London Police. TfL reported £29 million in losses and recovery costs, with 148 systems rendered inoperable, all 27,000 employees required to attend offices for mandatory password resets and data from its Oyster refunds system accessed. Disrupted services included Dial-a-Ride, concessionary travel cards and digital payments.