Spence Clarke & Co. Chartered Accountants - Tax Consultants - Company Law

1.6 Million Companies fail to file annual accounts each year in Spain with no consequences

Alistair Spence Clarke 07 September 2016

Its hard to credit this but a recent report in an online newspaper exposes the parlous state of Spain's compliance with EU rules(and its own laws)on company accounts filings. It seems that 2/3rds of Spanish companies completely ignore the regulations and they do so evidently with complete impunity.

New law in Andalucia to regulate holiday letting

Alistair Spence Clarke 03 February 2016

A new law was passed on 3/2/2016 to force landlords in Andalucia to register properties used for holiday letting. The fines for ignoring this law are truly draconian with a minimum of 18,000€ and maximum of 150,000€. An estimated 400,000 properties in Andalucia will be affected.

Paying Company directors what they are worth

Alistair Spence Clarke 26 November 2015

The dubious sight of well-paid businesspeople walking away from soon to be bankrupt companies—but not before pocketing millions of Euros (in some cases hundreds of millions of Euros)—rightly raised a stink, particularly with those less fortunate employees who lost their jobs and shareholders who lost their money.

Property owning companies: Don't trust the bar stool experts!

Alistair Spence Clarke 12 November 2015

Those of you who have lived in Spain for many years will probably have been regaled in the past with tales of how people had managed to escape tax liabilities by buying their properties through 'holding companies.'