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UK tax after IP completion day Although the UK left the EU at 11pm on 31 January 2020, most people would not have noticed any change because the effect of the transitional arrangements under the UK-EU Withdrawal Agreement deferred many of the legal effects of Brexit in UK law. The UK...
Keep calm and carry on: A Corporate Treasury reading of the Brexit deal The much anticipated EU-UK Trade and Co-operation Agreement (TCA), which comprises the bulk of the Brexit ‘deal’ contains over 1,200 pages of provisions covering aspects of the future relationship. These include provisions in relation to trade in goods...
Reflections on the EU-UK Trade and Co-operation Agreement The EU-UK Trade and Co-operation Agreement (the TCA), which came into provisional effect at 11pm on 31 December, is welcome in terms both of what has been achieved, and in providing a more cordial basis for future EU-UK relations and co-operation. However...
Tech UK welcomes Brexit deal The EU and UK finally agreed a deal, the Trade and Co-operation Agreement (‘TCA’), on 24 December, but what does it mean for the UK’s tech sector? The UK Government’s Summary Explainer heralds the agreement as containing ‘some of the most liberalising and...
Tech UK welcomes Brexit deal The EU and UK finally agreed a deal, the Trade and Co-operation Agreement (‘TCA’), on 24 December, but what does it mean for the UK’s tech sector? The UK Government’s Summary Explainer heralds the agreement as containing ‘some of the most liberalising and...
Beyond Brexit: Competition law and subsidy control in the EU-UK Agreement After many months of challenging negotiations set against the backdrop of a global pandemic, the EU and UK negotiators announced on 24 December that they had reached “agreement in principle” on the EU-UK’s future relationship (the Agreement). Alongside...
Financial Institution Notices: time to press pause or reset? As mentioned in my earlier post, the UK’s proposed “Financial Institution Notices” (FINs) would give HMRC easier and quicker access to taxpayer data. Under the current rules (in Schedule 36 Finance Act 2008), tribunal approval is needed before HMRC can...
Internet giant Alibaba under Investigation in China China’s competition regulator has long been cautious about enforcing antitrust rules against China’s digital economy, which has become a prominent force of China’s economic growth and benefited millions of Chinese consumers. However, the recent antitrust...
Foreign investment funds are exempt from withholding tax on Italian source dividends and capital gains on equities Starting on 1 January 2021, dividends and capital gains earned by qualifying EU/EEA based investment funds (EU/EEA Funds) are exempt from income tax in Italy. The new provision, contained in the 2021 Budget Law, eliminates discrimination against EU/EAA...
What the deal means for financial services: No change for now The Brexit trade deal lays down the details of the future relationship between the UK and the EU. The main document is the UK-EU Trade and Cooperation Agreement (TCA) which (at the time of writing) is in force provisionally, with ratification to follow ....