As many John Cleese fans will know, Mr Cleese is now on wife number four. Mr Cleese, who is best known for his roles in Fawlty Towers and Monty Python, has made it clear that his three divorces have had a significant financial impact on him, leaving him financially drained. His last failed marriage is believed to have cost him £12 million, including a payment of £600,000 a year for seven years, forcing him to consider creative ways of earning additional income.
The Finance Act 2014 introduced a number of tax reliefs which benefit companies owned by employee ownership trusts (EOTs). An EOT is a new form of employee benefit trust (EBT) which potentially offers a business succession solution for owner-managed businesses.
Towards the end of August, the final piece of the Local Government Pension Scheme (LGPS) puzzle was laid down with the publication of transitional regulations. They have been created partly to protect the past service benefits of members of the current LGPS. The LGPS (Transitional Provisions and Savings) (Scotland) Regulations 2014 supplement the main regulations which were published in June. They establish the ‘LGPS 2015’ scheme in place of the previous LGPS schemes as part of the public sector pension reforms which will change the future benefit structure in the LGPS from ‘final salary’ to ‘career average’.
As part of its ambitious low-carbon plans, the UK government is tackling both the supply of electricity (through its various subsidy regimes that support low carbon generation) and the demand for electricity.
The Scottish Government has announced new controls over the formation of tracks under permitted development (PD) rights. While PD rights for agricultural and forestry tracks will remain, it is proposed to introduce a prior notification and approval process later this year. This will give planning authorities greater control over the siting, design and appearance of tracks.
The Scottish Government has published a Consultation on proposals to amend planning legislation to impose stricter controls over change of use of premises to betting and pay day lending offices. The proposals arise from concern over “levels of gambling and personal indebtedness and the prevalence of betting shops and premises selling high interest short term loans” and are part of the Scottish Government’s Action Plan on Pay Day Lending and Gambling. The planning system is devolved to the Scottish Parliament while direct regulation of gambling and financial services is reserved to the UK Parliament.
Anti windfarm campaigners have been encouraged by reporting of an appeal decision in relation to Barrel Law Windfarm in the Scottish Borders.
Paddy Power recently took the opportunity to inform customers of a data breach affecting 649,055 customers which occurred in 2010. In light of several large-scale data breaches (for example, Ebay and the Heartblead virus), this latest incident serves as a reminder to customers and business that cyber security should not be underestimated.
National House Building Council (NHBC) v John Penman and Elizabeth Penman  CSOH 120 considered whether the owners of JAD Homes Ltd (JAD) were liable for payment to the NHBC for costs incurred carrying out remedial works to defective properties and for compensation payable to the proprietors for the delay.