Business and Other Briefings
DTI: The Takeover Panel's regulatory activities have been placed on a statutory framework from last week, when the second phase of the Companies Act 2006 came into effect. Part 28 of the Act gives the Takeover Panel the power to make statutory rules, while keeping the right to determine its own constitutional & operational framework. Previously the rules on takeovers were set out in the Takeover Code, which historically had no statutory basis.
Also from last week, company directors will no longer have to disclose their age if they are over 70. The prohibition on directors dealing in share options will also be removed and for non-quoted companies, directors & their families will no longer be required to disclose their share dealings.
In addition, the right to set up & register a business as a Community Interest Company will be extended to
Press release ~ Takeover Panel ~ DTI - Companies Act 2006 ~ EU Takeovers Directive ~ Takeover Code ~ Community Interest Company
HMRC: Revenue & Customs Brief 33/07
This Brief gives details of an article concerning Seafarers’ Earnings Deduction – New information requirement for tax returns for the year ended 5 April 2007 onwards.
HMRC: Revenue & Customs Brief 32/07
This Brief gives details of an article concerning New Means of Transport: Revised Form VAT 411.
