What is the FCA Perimeter?

What is the FCA Perimeter?

Put simply, the FCA (financial conduct authority) focuses primarily on the activities set out in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (as amended) – otherwise known as the “RAO”. The activities set out within the RAO either...
How are audit reports affected by disclaimer clauses?

How are audit reports affected by disclaimer clauses?

What is the effect of disclaimer clauses in audit reports, particularly in circumstances where a company enters administration? The 2015 High Court ruling in Barclays Bank PLC v Grant Thornton provided some welcome clarification – with the key issue being whether or...
What is Mezzanine Finance?

What is Mezzanine Finance?

You may have heard of mezzanine finance, but what is it and how does it vary from a standard mortgage transaction?  In essence, mezzanine financing is an additional band of borrowing that can be made available to property developers to assist with the up-front and...
Tax considerations for new start ups

Tax considerations for new start ups

Tax considerations for new start upsTax can impact the structure you adopt in running your business, to how you pay yourself and how you realise any profits. How you are taxed will be dependent on the type of start-up you establish, for example should you set up as a:...