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UK’s Autumn Budget 2021 On 27 October 2021, Chancellor Rishi Sunak presented the UK’s second Budget of 2021 under the tagline “A Stronger Economy for the British People”. Few tax measures made it into a speech dominated by spending announcements, but this should not detract from...

The Lugano Convention: A setback for UK accession, but we’ll always have The Hague The UK’s chances of re-joining the Lugano Convention, an international agreement on jurisdiction and the enforcement of judgments, have been dented by the European Commission’s recommendation that the EU not consent to the UK’s accession application. The ...

EU adopts Corporate Sustainability Reporting Directive As part of the wider efforts towards a European Green Deal, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD) on 21 April. The proposal will revise the Non-Financial Reporting Directive’s (NFRD) sustainab...

European Commission publishes new Regulation targeting foreign subsidies On 5 May 2021, the European Commission (EC) published a draft Regulation for a new regime to address the impact of subsidies from non-EU countries on trade within the EU. This follows the EC’s White Paper on foreign subsidies that was published by the EC...

Fintech: a core asset for Global Britain Ron Kalifa’s independent review of UK Fintech, announced in last March’s Budget, was published on 26 February 2021. The aim is to 'identify what more industry and government can do to support growth and competitiveness, to ensure that the UK maintains its...

3 month reprieve for UK based .eu domain registrants - EURid As we warned in an earlier Lens post here, some UK entities who had registered some 142,000 UK based .eu domain names had a potentially big problem on their hands. The problem? From 1 January 2021 organisations who were established solely in the UK were n...

Precautionary measures: who gets to decide? In Heavyinstall, the CJEU decided that, where one EU Member State requests that another takes precautionary measures, such as seizing assets, to ensure that the first will be able to recover a tax debt, it is bound by the first’s “assessment of the factua...

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...

DAC6: over (in the UK) before it’s begun? The UK has effectively repealed DAC6 for the majority of cases. With effect from 11 pm (UK time) on 31 December 2020 – the day before DAC6 reporting was due to begin in earnest - the UK implementing regulations have been amended to disapply DAC6 in respec...

And finally, "everything" is agreed Boris Johnson and Ursula van der Leyen announced this afternoon that the UK and the EU have reached agreement on the text of a trade deal. The ratification process is now to be fast-tracked, with a view to bringing the agreement into force by 11pm on New...