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Last updated on April 6th, 2020 at 08:09 am

Welcome to
‘The Jonathan Lea Network’

We are a firm of solicitors based in Haywards Heath, Mid-Sussex. We work with clients throughout the UK and around the world, adopting a tailored, pragmatic and clear approach to each matter we take on.

Put simply, through our work we aim to increase your profit, protection and free time. We only accept instructions on matters where we know we can add value and will always ensure that clients have the benefit of fee certainty, including a commitment to fixed fees where possible.

Furloughed employees and EMI Share Option Schemes

 Published 1 days ago

As you may have read in our blog post relating to furloughed workers, a furloughed employee is still an employee, given that they remain on the company’s payroll during any period of furlough leave. This is despite the fact that in order for the employer to recover up to 80% of the furloughed employee’s wages under the Coronavirus Job Retention Scheme (CJRS), the employee cannot do any work whatsoever for the employer during the furlough period.

The Future Fund scheme

 Published 6 days ago

The Government’s Future Fund scheme opened to applications from 20 May 2020 onwards. This blog post gives you general information relating to the scheme, provides useful links to various associated sources and explores the implications of the scheme on the SEIS / EIS regimes.

Gifting Shares to Employees

 Published 8 days ago

This blog post focuses on how to gift shares to employees in a private limited UK company, including how HMRC value such shares and how to fill in the P11D form.

Does a mini-bond have to be approved by an FCA authorised firm?

 Published 14 days ago

While having no legal definition, a ‘mini-bond’ can be best described as a type of debt security that is marketed to retail investors.

Can a non-UK foreign company raise investment pursuant to SEIS and/or EIS?

 Published 16 days ago

One of the main requirements for companies wishing to raise investment pursuant to SEIS and EIS is that they must have a ‘permanent establishment’ in the UK (as detailed in HMRC’s guidance manuals VCM34050 and VCM13020). This means that an essential or substantial part of the company’s business must be wholly or partly carried on through a fixed place of business in the UK. This means that the business activities that are carried out in the UK can’t be of a preparatory or auxiliary character.