Expert Resources

Take advantage of our free expert resources, written by the experts at LCN Legal, based on their practical experience of working with multinational groups and their advisers across the globe. If you are interested in these areas, you may want to bookmark this page to check back regularly for new information.

Paul Sutton

Does the plan work for everyone?

LCN Legal has just launched its ‘family photos’ postcard campaign to help finance and tax professionals understand key legal issues affecting group reorganisations. The first postcard deals with the issue of corporate benefit, and is shown below. Thanks to Word of Mouth Communication (www.wordofmouth.co.uk) for the concept and the design. …
Paul Sutton

When is Backdating OK?

This is one of the most common issues which comes up in the context of group reorganisations or intercompany agreements. Although it may have been intended to put in place a new arrangement by a particular date – often a year end – that date may now have passed. The question is: can the documents be backdated? The short answer is ‘no’. Giving …
Paul Sutton

Using Quoted Eurobonds to address UK Witholding Tax

Using Quoted Eurobonds to Address UK Withholding Tax In general, UK withholding tax becomes payable at the rate of 20% when a UK tax resident company pays interest on a loan to an overseas lender. Ordinarily, the UK borrower will not be disadvantaged because it can still benefit from a potential tax deduction for the whole of the interest. However, …