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Tax and the City Review for September 2019 Mike Lane and Zoe Andrews consider the decision in Hargreaves Lansdown and the latest cases on tax indemnities. They also look at the UK’s consultation on the implementation of DAC6 and draft legislation following Gallaher. The UT overturns the FTT... UK CFC rules and EU State aid: an update A lot has happened since April when the European Commission published its full decision on the UK’s CFC rules explaining why it considers that the CFC rules for exempting non-trading finance profits constituted State aid to the extent that the relev... Dawn raids and data dumps: handling the practical realities of tax disputes In the past, many tax disputes were run as technical debates, where the parties (largely) agreed the facts, the court had little contested evidence to consider, and the focus was on the precise interpretation of the law.  . Transforming Interest Rate Benchmarks - Developments in euro land EONIA, the overnight rate for euro is being discontinued which means deals will need to be transitioned to an alternative rate.  EONIA, the overnight rate for euro is being discontinued: From 2 October 2019 when €STR, the new risk free rate for euro beco... 73rd International Fiscal Association (IFA) Congress in London I post this blog on my way to the Women of IFA Network (WIN) Meet & Greet Reception, the first of many WIN activities taking place between today and Thursday during the 73rd IFA Congress in London. Employment Bulletin pro-rated holiday pay for part-year employee; Work Council’s opinion; ill health job losses; consultation on parental leave rights; Greek Data Protection Authority fines employer Topics covered in this bulletin: Employer should not have pro-rated holiday... Competition & Regulatory Newsletter This edition looks at recent merger control, antitrust and State aid developments worldwide In this update, we look at the following developments: UK’s Competition and Markets Authority accepts final undertakings to address concerns in Rentokil/MPCL merg... DSTs and State aid: the Hungarian advertising tax State aid case Yesterday, the notice of the General Court's judgment in a similar Hungarian State aid case was published in the Official Journal. Hungary had introduced a progressive turnover tax applicable to broadcasters and publishers of advertisments. Competition & Regulatory Newsletter CMA fines Casio £3.7 million for preventing online discounting of its products The UK’s Competition and Markets Authority has fined Casio £3.7 million for imposing minimum resale prices (a form of resale price maintenance) on retailers that sold its music... The End of LIBOR: Are you ready for Replacement Rates? What about HIBOR? This briefing outlines the progress towards transition from LIBOR and the methods currently under discussion for referencing RFRs in place of LIBOR. LIBOR will cease to be available at the end of 2021. It will be replaced by a Risk Free Rate (RFR) for the...