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Staff secondments are subject to VAT According to the ECJ, Articles 2(1)(c) and 24(1) of the Principal VAT Directive preclude national legislation that exempts staff secondments from VAT: if a direct link exists between the secondment and the payment made to the secondee’s employer, then, ir... The Bank of England is considering Cash 2.0 On 12 March the Bank of England published a discussion paper exploring the possibility of it issuing Central Bank Digital Currency (CBDC) in the future. The paper initiates a dialogue with a range of stakeholders as to whether the benefits of doing so out... Auditing your AI - what does the ICO expect you to do? The ICO has been focused for some time on developing an AI auditing framework and, on 19 February 2020, it published its draft ‘Guidance on the AI auditing framework’ for consultation. The guidance proposes several tools that organisations can use to asse... Digital taskforce is go! The implications of the Budget 2020 for competition law The new Chancellor, Rishi Sunak, gave his first Budget Statement yesterday.  The Budget specifically recognises that "competition is essential to drive innovation, produce better outcomes for consumers and allow new entrants to the market to grow".   Most... Budget 2020: an eye on innovation Understandably, dealing with the economic impact of Covid–19 dominated Chancellor Rishi Sunak’s first Budget. But the UK government hasn’t taken its eye off the future. A number of measures – increased R&D investment and tax credits, and the abolition of ... Getting it done: the UK's March 2020 Budget Whilst the Budget was dominated by the announcement of a multi-billion pound economic stimulus to deal with the economic impact of Covid-19, a whole range of other spending and tax measures (some with immediate effect and others subject to consultation) w... Spain proposes a financial transaction tax on listed equities As discussions on an EU financial transaction tax (FTT) have so far failed to yield results, Spain is looking to introduce an FTT along the same lines as France and Italy. If the relevant bill published by the Spanish Parliament on 28 February 2020 (Bill)... No Unified Patent Court or Unitary Patent system for UK - will the entire project now be abandoned? Tech-related patents have long been a key business asset in the US, and (despite issues around patenting computer programs) are becoming increasingly important in the EU and UK as more businesses enhance their digital capabilities. Businesses with patent ... Spanish digital services tax: another interim measure without a sunset clause The Spanish government has started the legislative process for approving a 3% digital services tax (DST): the Spanish Parliament published the DST bill on 28 February 2020. If it is approved, the DST could apply from the second quarter of 2020, with payme... New 10% income tax charge on pensions under Portuguese NHR regime The 2020 State Budget Law will change the Portuguese non-habitual residence tax regime so as to introduce a 10% personal income tax charge on pension income from non-Portuguese sources. The law is awaiting ratification by the Portuguese president after it...