Search results

Tax and the City Review for May 2022 In JTIAC, the latest decision on the loan relationships unallowable purpose rule, the FTT finds in favour of HMRC that none of the relevant debits are deductible even though the loan relationship funded the acquisition by a UK company of a target group fr... Your HQ – key considerations With HQ considerations becoming a top priority on boardroom agendas, we take a look at the key considerations commercial tenants and businesses should have when taking a pre-let of a new HQ.  Moving headquarters is a significant undertaking for any ... Employment Bulletin: May 2022 Topics covered in this bulletin: Employee who accepted voluntary redundancy could claim unfair dismissal Extension of ban on exclusivity clauses to lower paid workers Settlement agreement wide enough to cover TUPE transferee’s failure to provid... BLOG: A deleveraging allowance to reduce the debt-equity bias If one were to regard the European Commission’s Directive proposal to tackle the debt-equity bias in the tax system as the fruit of a discussion that started around a decade ago, it appears overly complex and unambitious at the same time. ... UK Competition and consumer reform proposals - the Government's response The UK Government has recently published responses to its July 2021 consultations on reforming competition and consumer policy and introducing a new pro-competition regime for digital markets. The reforms being taken forward are wide-ranging and, when ful... EFIG: European Banking Newsletter - May 2022 Developments in this month's edition include: TARGET2 - ECB adopts repealing Guideline and Decision Russian invasion of Ukraine - ECB publishes FAQs on supervisory approach Reporting - SRB publishes bi-annual note provided to the Eurogroup &nbs... BLOG: Regulated financial services exclusion from Amount A of Pillar One I have put off writing about Amount A of the first international tax reform Pillar for two reasons. The main reason is the concern that it might not actually ever happen. Since international agreement in principle was reached in October 2021, the OEC... Consents, Records and Disguises: Lessons from ICO Direct Marketing Enforcement Actions A version of this briefing first appeared in the Privacy Laws & Business UK Report, Issue 121 (May 2022) The past year has seen a continued trend of enforcement action by the Information Commissioner’s Office (ICO) for breaches of the direct m... Competition & Regulatory Newsletter: CMA publishes second report on state of UK competition The Competition and Markets Authority has published its second report on the state of competition in the UK, finding that market concentration remains higher than before the financial crisis of 2008 and that those from lower income households are more exp... Putting the G in ESG - How activists target governance issues While activists continue to agitate for change on issues such as M&A strategy, operational failings and climate, one area that activists also target under the banner of ESG is governance.  Activists are making increasing use of governance issues...