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Oct 24, 2024 · In 2013, Mr Corrigan’s firm, in conjunction with an English tax barrister, Michael Sherry, developed a proposal for a tax-saving structure using a UK limited liability partnership.
Later in 2014, OneE instructed separate counsel in respect of a similar 'Nemaura' scheme, which incorporated elements of the Claimant's Structure and also made use of LLPs to allow SMEs to access enhanced subcontractor R&D tax relief.
Mar 23, 2023 · Claimant, Kieran Corrigan & Co Ltd, devised a tax structure using R&D relief provisions of the Corporation Tax Act 2009 with tax counsel, Michael Sherry. Defendants allegedly misused this confidential information to develop their own tax structure, the "Nemaura structure."
Later in 2014, OneE instructed separate counsel in respect of a similar ‘Nemaura’ scheme, which incorporated elements of the Structure and also made use of LLPs to allow SMEs to access enhanced subcontractor R&D tax relief.
Mar 23, 2023 · The claim is that in conjunction with experienced tax counsel, Michael Sherry, the Claimant devised a structure with several variants (the “Structure”) using the research and development ( “R&D”) relief provisions of the Corporation Tax Act 2009 (the “2009 Act”), that information relating to this structure was confidential, and that ...
- Jonathan Hilliard
- England & Wales
- 23 March 2023
- [2023] EWHC 649 (Ch)
Sep 14, 2023 · The defendants (which comprised OneE Group Ltd and three directors) were alleged to have misused the information provided by the claimant to promote a tax structure of their own, resulting in claims for breach of confidence, procuring a breach of contract and unlawful means conspiracy.
People also ask
Did Kieran Corrigan & co develop a 'Nemaura' tax structure?
How did Mr Corrigan explain his proposed tax-saving scheme?
Who is Kieran Corrigan?
Was there a final agreement between Corrigan and Slattery?
Who invented Nemaura?
Did Mr Timol know more about the Nemaura structure?
Aug 16, 2024 · He rejected the evidence of the Third and Fourth Defendants that they had not copied and used the Confidential Information in the Defendants' own structure (‘the Nemaura Structure’), which was based on providing R&D to a company connected with OneE (and partly owned by the Second Defendant), namely Nemaura Pharma Limited (‘Nemaura’).
