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Biscuits, Brexit, and big data Britain's favourite biscuit is the McVitie's milk chocolate digestive.  Britain's favourite ice lollies are Magnum ice creams.  And most memorably, the UK will decide to remain in the EU.  All of these are the result of polls of individuals conducted by Y... What are your losses worth? Subject to a £5m deduction allowance, UK corporation tax payers may use carried-forward income losses against up to only 50% of their profits. In July, the government has published draft legislation to extend this restriction from 1 April 2020 to carried-... When a notice isn't a notice... English law governed acquisition agreements commonly require the purchaser to notify the seller of any claim against the target - for example by a tax authority - which could give rise to a claim by the purchaser against the seller - for example under a t... The French 3% Digital Services Tax comes into effect The Bill introducing the French Digital Services Tax (the “French DST”) presented by the French Government on 6 March 2019 and subsequently amended by the National Assembly and the Senate, was formally enacted on 24 July 2019 and then published on 25 July... UK implementation of DAC 6 The draft regulations to implement EU Directive 2018/822 (DAC 6) in the UK have been published alongside a consultation document. HMRC requests responses by 11 October 2019. Legislation must then be introduced by 31 December 2019 and will be accompanied b... Commission’s decision to investigate Nike tax rulings explained The European Commission recently published its decision to initiate a State aid investigation into Dutch tax rulings relating to Nike. The Nike case focuses on EMEA structures (including well-known CV/BV structures) where Dutch group companies with substa... Taxing the new self-employed The question of how the tax regime should adapt to reflect modern working practices is a difficult one. There has been a rise in the number of self-employed since 2000 (which interestingly predates the GIG economy) but the average profits of the self-empl... Taxing the new self-employed The question of how the tax regime should adapt to reflect modern working practices is a difficult one. There has been a rise in the number of self-employed since 2000 (which interestingly predates the GIG economy) and the average profits of the self-empl... Blockchain: what it can do for you I recently attended a talk by SLA Europe on ‘What is the Blockchain and what can it do for you?'  Presentations were delivered by Dr Aeron Buchanan of the Web3 Foundation, Sally Connor of EY and Simon Drane of Earlsferry Advisory. Attendees comprised info... For the good of AI As artificial intelligence (AI) and machine learning techniques become the norm rather than the experimental exception in many segments of the financial services sector, the FCA continues to lead the international field in developing strategies for identi...