BVI – Economic Substance: Enforcement and penalties for non-compliance
The penalties imposed by the Economic Substance (Companies and Limited Partnership) Act, 2018 (“ESA”) are intended to be rigorous, effective, and dissuasive, ranging from financial penalties to striking off from the registry. The BVI International Tax Authority (“ITA”) is responsible for assessing and enforcing compliance with the requirements of the ESA. Assessment Following the assessment
Read MoreCOVID-19 – Update on Business Restrictions – The Law Society of Jersey excerpt
Hatstone Lawyers advised Team PLC On Friday 18 December 2020, the Chief Minister announced that unless critical to the running of their business, islanders must work from home until further notice. Revert to home working Firms were asked to revert to home working, on the same basis as the essential employee’s scheme implemented in March
Read MoreData protection and working from home in the new normal
We live in unprecedented times and no matter your stance on the appropriateness of lockdown, it is undeniable the COVID-19 pandemic has forever altered the workplace. The office environment has been impacted by a fluctuating definition of essential work and a risk-based approach to distancing, but defining this era will undoubtedly be the sudden and
Read More