Reading room
18 Feb 2025
IMD Solicitors Celebrates Prestigious Recognition with Nine Award Nominations
IMD Solicitors LLP has been recognised at both the Modern Law Awards 2025 and the LexisNexis Legal Awards 2025, securing nine nominations across key categories. These acknowledgements reflect the firm’s commitment to delivering legal services and fostering a supportive workplace.
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17 Feb 2025
IMD Solicitors Expands Leadership Team with Six Appointments
IMD Solicitors LLP and IMD Corporate have made six key appointments in 2024 to strengthen leadership and enhance service offerings in family law, wills and probate, personal injury, commercial dispute resolution, corporate and commercial law, and corporate immigration.
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3 Feb 2025
Sponsorship Compliance Services
Maintaining compliance with your sponsor licence is essential for businesses employing skilled workers from outside the UK. The Home Office conducts sponsorship audits to ensure employers are fulfilling their obligations. Failure to comply can lead to licence suspension, revocation, or reputational damage. Our client, a multinational company in the wind turbine industry, struggling to recruit […]
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28 Jan 2025
You made an offer. Can this be terminated?
As the offeror, you have extended an offer to the offeree. Can this offer be terminated? Are you locked in, waiting for them to accept or decline? Is your offer on the table forever? In fact, offers can be terminated before acceptance under specific circumstances. Understanding how and when an offer can be terminated is key to maintain clarity, ensure legal compliance in contractual dealings, and encourage parties to cooperate.
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20 Jan 2025
Visa Rules for Skilled AI Workers
In a significant move to bolster the adoption of artificial intelligence (AI) across the country, the UK Government may relax visa regulations for highly skilled AI professionals from overseas. This initiative forms part of the newly released AI Opportunities Action Plan, which outlines a comprehensive approach to position the UK as a leading global player in the AI sector and stimulate economic growth.
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20 Jan 2025
Permitted activities in focus – everything you need to know about PA7 and Permitted Paid Engagements (with examples)!
When planning a business visit to the UK, it is important to understand the rules surrounding Permitted Activities (PA) and Permitted Paid Engagements (PPE).
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20 Jan 2025
Client AM
At IMD Corporate acted for a UK distributor, a deal valued at over £8million. We pride ourselves on facilitating complex transactions that support the strategic growth of our clients. This case not only highlights our expertise in cross-jurisdictional acquisitions but also underscores the importance of meticulous planning, commercial awareness, and the ability to navigate complex legal frameworks.
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20 Jan 2025
Supporting Global Growth: A Successful UK Acquisition for an Overseas Manufacturer
An established manufacturer with subsidiaries across Europe, had maintained a long-standing commercial relationship with the UK distributor prior to the acquisition. This relationship formed a strong foundation for their decision to invest in a minority share of the distributor, diversifying their investment portfolio and securing a strategic foothold in the UK market. Despite acquiring a minority share, our client gained significant management rights and an option to take over the entirety of the UK business in the future, ensuring their long-term interests were safeguarded.
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14 Jan 2025
Avoiding Costly Pitfalls: Director Shareholders, Dividends, and s.455 Tax Liability
Section 455 imposes a temporary corporation tax charge on directors’ loans. This tax is payable alongside the company’s corporation tax bill but can be reclaimed from HMRC once the director’s loan is fully repaid. In many cases, companies advance money to directors as director’s loan, which is later “repaid” by declaring an end-of-year dividend that is credited against the director’s loan account. While this process can work seamlessly, mistakes often arise, resulting in unintended s.455 tax liability.
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