Tax Free Compensation for Loss of Office - Think Again!

Tax Free Compensation for Loss of Office - Think Again!

It is often assumed that the tax-free compensation of up to £30,000 for ‘loss of office’, available under s403 (1) of the Income Tax (Earnings and Pensions) Act 2003 (‘ITEPA’) is an automatic right; however the recent decision of the First Tier Tribunal in Simrajsar Ltd v HMRC [2024] has reminded us that this is not the case.

Laytons ETL’s Equity Capital Markets team advises AIM-quoted Tungsten West Plc on fundraising

Laytons ETL’s Equity Capital Markets team advises AIM-quoted Tungsten West Plc on fundraising

Laytons ETL’s Equity Capital Markets team advised AIM-quoted Tungsten West Plc, the mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon U.K., on a fundraising by way of adding an additional tranche G to its existing 2023 Convertible Loan Notes (CLN).

Laytons ETL’s Private Capital team advises NDSL Group on its sale to Chicago based private equity firm

Laytons ETL’s Private Capital team advises NDSL Group on its sale to Chicago based private equity firm

Our Private Capital team are proud to have advised NDSL Group Limited, the manufacturers of Cellwatch battery monitoring and management solutions for data centres, utilities and telecom markets, on its recent sale to RLE Technologies, a portfolio company of May River Capital, a Chicago based private equity firm.


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