Marketing your eCommerce business for Christmas.
In the run-up to Christmas, every eCommerce business competes to attract potential customers. The earlier you start planning out your marketing campaign, the better chance you have of drawing more
What is a dividend waiver?
A waiver is where one or more shareholders decide to waive their rights to be paid a dividend. Every shareholder is entitled to be paid in relation to the number of shares they hold.
To avoid the distribution being challenged by HMRC a number of procedures should be followed:
Dividend waivers are only effective if executed by deed because there is no consideration to support a contract.
Recent CIOT guidance explains that the drafting, preparation, and execution of deeds is a ‘reserved activity’ under the Legal Services Act 2007. This can only be carried out by an authorised or exempt person. As a result, all waivers/deeds must be drafted by lawyers.