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BLOG: Electricity Generator Levy Draft legislation for the Electricity Generator Levy (EGL) was published on 20 December 2022 for inclusion in the Spring Finance Bill. It was published alongside a new “supplementary technical note”, intended to help generators prepare for the EGL. The te... The Corporate Sustainability Due Diligence Directive - Changing the Game? The EU’s draft Corporate Sustainability Due Diligence Directive (CSDD), over the next three to six years, is set to impose significantly greater obligations on businesses, to assess and address their human rights and environmental impacts, and to ha... BLOG: Provisional agreement reached on the European Union's Carbon Border Adjustment Mechanism The Council of the European Union issued a press release on Tuesday, stating that negotiators representing the European Parliament and Council had agreed terms on which to implement a Carbon Border Adjustment Mechanism (CBAM). This agreement con... R&D tax relief - implications for life sciences sector In 2020, the life sciences sector had an annual turnover of £89 billion. As UK investment in the life sciences sector continues to grow, a natural consequence is that the research and development (R&D) tax regime will play a key role in incentiv... Employment Bulletin - December 2022 Topics covered in this bulletin: Changes to the right to request flexible working Payment under settlement agreement taxed as employment income Providing new role on redundancy without interview was not a reasonable adjustment Existing disc... HMRC v BlackRock Holdco 5 LLC: transfer pricing and unallowable purpose Mike Lane on the Upper Tribunal decision in HMRC v BlackRock Holdco 5 LLC on transfer pricing and the loan relationships unallowable purpose rule. First published in the British Tax Review. Case comment by Mike Lane on the Upper Tribunal decision  ... Takeovers Executive issues new Practice Note 24 The Takeovers Executive recently issued a new Practice Note 24, which sets out guidance on how the Executive will treat the appointment of an independent receiver or liquidator over a controlling interest in a Hong Kong public company, and when an offer p... EFIG: European Banking Newsletter - December 2022 Development's in this month's edition include:  Climate-related and environmental risks- ECB publishes results of 2022 Thematic Review EBA Opinion - EBA clarifies the operationalisation of intermediate EU parent undertakings of third coun... UK Financial Services - The Next Chapter In this briefing we summarise and examine the proposals published on 9 December 2022 referred to as the Edinburgh Reforms, including the HM Treasury policy statement on the approach to the repeal of financial services retained EU law. The Edinburgh refor... Pensions Bulletin - December 2022 LDI crisis; The Pensions Regulator’s enforcement strategy; Pensions dashboards; Guidance on international transfers of data; rectification of pension increase provisions In this month’s Pensions Bulletin, we cover:  A statement by the...