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Understanding ‘source of funds’ in transactions

Understanding ‘source of funds’ in transactions

Money doesn’t grow on trees – but where does it come from? In today’s complex financial landscape, understanding the concept of “source of funds” has become critical for individuals, businesses, and financial institutions alike. Whether it’s for regulatory...
Is the UK Sponsor licence scheme under threat?

Is the UK Sponsor licence scheme under threat?

This question may sound dramatic, but many practitioners have raised concerns about the Home Office’s recent approach to processing new Sponsor Licence applications, with nearly 40% of applications being refused or withdrawn in the last quarter alone. A similar trend...
The timetable for UK leasehold reform

The timetable for UK leasehold reform

  We (finally) have some clarity on the timetable for leasehold reforms.  Here’s what we know so far. First of all, the UK government has promised that, from January 2025, there will immediate access to extended leases for new leasehold owners. The current...
VAT, school fees and separated parents

VAT, school fees and separated parents

The imposition of VAT on private school fees is worrying for many parents and many schools.   A recent survey showed that most schools have elected to reduce their fees so that the overall cost increase for parents is less than 20%.  Few schools can do so without...