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Has the cookie banner crumbled? Tolerate them or hate them (I’m not sure many people love them), cookie banners have been a part of online life for a few years now. But could that all be coming to an end? Over the last few days Elizabeth Denham, the UK’s Information Commissioner, has...
The tables have turned: Lords committee inquiry into digital regulation On 7 September 2021 the House of Lords Communications and Digital Committee launched an inquiry into the work of digital regulators in the UK. Background The inquiry follows the Committee's report published in March 2019, which found that regulators had...
Health and Social Care Levy of 1.25% hits employment income at 2.5% The UK Government announced its "Build Back Better" plan for health and social care, including a funding proposal based on the introduction of a 1.25% Health and Social Care Levy plus an increase in dividend taxation by 1.25 percentage points. The slogan...
Q: What's unallowable, but not disallowed? A: Interest on a Kwik-Fit loan. The question "what's unallowable, but not disallowed?" is the riddle thrown up by the latest First-tier Tribunal decision on the loan relationships unallowable purpose rule in Kwik-Fit. Kwik-Fit had an intermediate holding...
German Ministry of Finance publishes guidance on transitional provision of new RETT law The German Ministry of Finance has published guidance on the transitional provision with respect to the revised German Real Estate Transfer Tax (RETT) provisions which became effective as of 1 July 2021 (see this earlier post). It provides welcome...
Is Spanish tax form 720 used to declare foreign assets of Spanish residents contrary to EU law? Back in 2012, the Spanish Government approved a tax amnesty by means of which Spanish tax residents could regularise their tax situation by giving details of any undeclared assets and income they held abroad and pay tax at a reduced rate of 10% without...
Triple Damage – Supreme Court rules on the right to claim LDs in Triple point case In a scenario most tech lawyers will dread, the Supreme Court recently scrutinised the drafting and construction of a liquidated damages clause, and the meaning of ‘negligence’ in a liability cap, in the case of Triple Point Technology, Inc v PTT Public...
The Edge of Glory?: Will DABUS ‘success’ in South Africa and Australia be repeated in the UK? Lady Gaga sings ‘I’m on the edge of glory and I'm hanging on a moment of truth’.  Until now, the longstanding crusade to allow inventions generated by the AI machine DABUS to be patentable under existing national patent laws across different jurisdictions...
India scraps retrospective application of tax on indirect transfers: what does it mean going forward? Last week the lower house of the Indian Parliament passed The Taxation Laws (Amendment) Bill, 2021 (the Bill). The Bill is significant. It removes the retrospective application of the rules on the taxation of gains arising on the transfer of shares in a...
Litigation on an epic scale... If you say it in a deep enough voice, "litigation on an epic scale" sounds like it may be the trailer for the latest summer blockbuster which is fitting because it is actually the Court of Appeal's (CoA) verdict on what was unleashed by the dispute...