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VAT recovery on share sales: no special rule for fundraising transactions The UK Court of Appeal’s decision in Hotel La Tour has dashed taxpayers’ hopes of being more readily able to recover VAT paid on deal fees in respect of share sales. It is possible that the taxpayer may seek to appeal to the Supreme Court (after all, the...
Tech companies to see digital regulation come to the UK More than a year after its first reading in the House of Commons, the Digital Markets, Competition and Consumers Act 2024 received Royal Assent last Friday - one of a handful of bills to be passed in the “wash-up” period before Parliament was prorogued on...
Tech firms told to ‘tame toxic algorithms’ as Ofcom publishes child safety consultation On 8 May, Ofcom published its child safety consultation as part of its ongoing implementation of the Online Safety Act (‘OSA’). Announcing the consultation, Ofcom’s chief executive claimed the proposed measures ‘will deliver a step-change in online safety...
Tax Disputes Podcast: France I’m sad to say we have reached the end of our round the world Tax Disputes podcast series but we are going out in style with a trip to Paris for a stimulating conversation between myself, my colleague, tax partner Charles Osborne and Julien Gayral, tax...
The Automated Vehicles Act 2024 becomes law in the UK On 20 May 2024 the UK passed the Automated Vehicles Act 2024 (“the Act”). With regulation widely seen as one of the primary hurdles to the adoption of self-driving vehicles, the Act marks a major step towards breaking down this barrier by creating a...
Challenging dawn raids in the UK HMRC raided the London offices of a global financial brokerage business and the home of a former employee on 28 September 2022, following requests for assistance from Germany and Denmark for criminal investigations in respect of cum-ex trades. The...
Equality in AI: The EHRC’s Updated Approach to Regulating AI in the Workplace As the potential for AI technologies to transform the workplace comes into ever greater focus, and as the capabilities of those technologies continues its rapid advance, concerns over the potential threat to workers’ rights and the challenges of...
Ofcom Publishes Strategic Approach to AI Ofcom has published its strategic approach to AI 2024/2025 setting out how the communications regulator plans to approach AI in the sectors it regulates, including fixed and mobile telecoms, TV and radio broadcasting, on-demand services, video sharing...
EU AI Act to become law this summer The final vote on the EU AI Act was passed yesterday (21st May), clearing the way for the Act to come into effect this summer.  While political agreement was reached in December (see blog) further work was needed to finalise the details before the...
Cyber threats evolving as a result of new technologies, warns ICO Cyber attacks are happening more frequently and will become increasingly sophisticated thanks to new technologies– organisations need to react accordingly.  This was the message from the ICO in their report entitled “Learning from the mistakes of others”...