News & Insights
Laytons ETL’s Equity Capital Markets team advised Beaumont Cornish in its role as Nominated Adviser (Nomad) of AIM-quoted Riverfort Global Opportunities Plc (which has now been renamed Tooru Plc) (Tooru), in relation to a proposed acquisition and proposed placing.
Last week the UK Government published its long-anticipated White Paper, “Restoring Control over the Immigration System”. The Government’s key message in the lead-up to the paper’s publication was that the immigration system would be “radically reformed” to be “controlled, managed and fair”.
In the recent Upper Tier Tax Tribunal (UT) decision in Elborne v HMRC [2025] UKUT 00059 (TCC), the UT set aside the First Tier Tax Tribunal’s (FTT) decision in favour of HMRC to declare the ‘home loan’ tax avoidance scheme a success.
Until the 6th April 2025, the UK’s taxation of individuals who were non-doms was based on the concept of domicile, a legal term under English law referring to a person’s long-term permanent home. Non-doms could live in the UK while enjoying favourable tax treatment under the “remittance basis”. This treatment typically lasted for up to 15 years.